The ONG strategy I shared earlier has now successfully captured its profit potential this round. High-probability opportunities don’t wait around, and the four-hour structure for $HYPE has made the direction crystal clear. Price is trading below both moving averages, and each rebound is weaker than the last. In this kind of market, I’d rather follow the trend and look for short opportunities than bet on a reversal.
The one-hour chart also shows no signs of stabilizing, and volume hasn’t given the bulls much support either. There’s heavy resistance above the key level, and a rebound into that zone could be where the bears regain momentum. There’s more clear space to the downside. The main risk is a technical bounce after becoming oversold, so taking profits in stages is the safer approach—don’t let one rebound eat into your gains.
🔴 Trade direction: Short
📍 Entry range: 74.38295 – 74.62256
🛑 Stop loss: 76.39870
🎯 Take profit 1: 73.08080
🎯 Take profit 2: 72.13283
🎯 Take profit 3: 70.71087
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#HYPE
Click below to trade 👇
The one-hour chart also shows no signs of stabilizing, and volume hasn’t given the bulls much support either. There’s heavy resistance above the key level, and a rebound into that zone could be where the bears regain momentum. There’s more clear space to the downside. The main risk is a technical bounce after becoming oversold, so taking profits in stages is the safer approach—don’t let one rebound eat into your gains.
🔴 Trade direction: Short
📍 Entry range: 74.38295 – 74.62256
🛑 Stop loss: 76.39870
🎯 Take profit 1: 73.08080
🎯 Take profit 2: 72.13283
🎯 Take profit 3: 70.71087
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#HYPE
Click below to trade 👇