$HYPE Heaven over Mountain: Retreat, with Qian above and Gen below. Heaven above the mountain—one should step back first. The message of Retreat is: price wants to climb and run into resistance. Don’t take that as a confirmed bullish reversal and chase it. Yesterday it bounced from 69.42 and closed at 72.70; this morning it reached a high of 73.25, and it’s now around 72.87, just short of the 74.33 level. The weekly chart still leans strong, but this move is a rebound after a pullback, not a signal to chase longs.
I’d rather wait for it to return to the 74.3–76.7 zone before shorting. Don’t chase below 69.42.
Entry: 74.33 / 75.35 / 76.72 (scale in at each level once price enters the zone; no trade if it doesn’t reach them)
Stop loss: 82.00 (leave a buffer beyond the near-term structure)
Take profit 1: 72.70
Take profit 2: 69.42
Take profit 3: 66.00
At the first take-profit target, close half the position and move the stop loss to breakeven. If price doesn’t rise to the entry zone, keep waiting. If the daily candle closes above 82.00, don’t take the short.
When it’s time to retreat, step back first. Do you think it’ll reach 74.3–76.7 first, or test 69.42 again?
If you want to keep an eye on what happens next, you can follow me. Personal opinion, not investment advice.
I’d rather wait for it to return to the 74.3–76.7 zone before shorting. Don’t chase below 69.42.
Entry: 74.33 / 75.35 / 76.72 (scale in at each level once price enters the zone; no trade if it doesn’t reach them)
Stop loss: 82.00 (leave a buffer beyond the near-term structure)
Take profit 1: 72.70
Take profit 2: 69.42
Take profit 3: 66.00
At the first take-profit target, close half the position and move the stop loss to breakeven. If price doesn’t rise to the entry zone, keep waiting. If the daily candle closes above 82.00, don’t take the short.
When it’s time to retreat, step back first. Do you think it’ll reach 74.3–76.7 first, or test 69.42 again?
If you want to keep an eye on what happens next, you can follow me. Personal opinion, not investment advice.
