I’m looking at $HYPE around 78.815, and for me the chart is still very tight after the recent drop. Price is sitting below the visible MA60 at 79.073, which is sloping down, so I don’t want to chase a long without confirmation.
The main area I’m watching is 78.767–78.846. Price has reacted around the lower part of this range, while 78.846 is the nearest visible ceiling. If price can reclaim and hold above that area, I’d be interested in a cautious long toward the next visible levels.
📍 Entry: 78.80–78.846, preferably after a hold/reclaim
🎯 TP1: 79.001
🎯 TP2: 79.073
🛑 Invalidation: 78.767
If price loses 78.767, I’d step away from this setup because that’s the clearest visible local support on the chart, and losing it would weaken the range-based long idea.
Volume is currently much lower than the earlier bars, so I’m not seeing strong momentum confirmation yet. The setup is therefore conditional rather than a high-conviction entry.
I’m watching the reaction around 78.846 rather than forcing an entry. Confirmation matters more than chasing the move.
The main area I’m watching is 78.767–78.846. Price has reacted around the lower part of this range, while 78.846 is the nearest visible ceiling. If price can reclaim and hold above that area, I’d be interested in a cautious long toward the next visible levels.
📍 Entry: 78.80–78.846, preferably after a hold/reclaim
🎯 TP1: 79.001
🎯 TP2: 79.073
🛑 Invalidation: 78.767
If price loses 78.767, I’d step away from this setup because that’s the clearest visible local support on the chart, and losing it would weaken the range-based long idea.
Volume is currently much lower than the earlier bars, so I’m not seeing strong momentum confirmation yet. The setup is therefore conditional rather than a high-conviction entry.
I’m watching the reaction around 78.846 rather than forcing an entry. Confirmation matters more than chasing the move.
