HYPE: Corrective A-B-C Wave Concludes At Dynamic MA100 Baseline – Strategic Long Setup Targeting New Impulse Leg Toward $150
Hyperliquid (HYPE) is presenting an optimal trend-continuation Long setup on the daily timeframe as price action completes a textbook three-wave corrective cycle. Following the completion of its primary five-wave expansion into the $100 psychological threshold, this healthy flush onto wave (C) support provides a high-conviction entry to ride the next impulse phase.
Based on visual data from the daily chart, candles printed an immediate, responsive bounce directly off the $80 horizontal support shelf upon finishing the A-B-C corrective pattern. The terminus of wave (C) landed squarely on the upward-sloping dynamic MA100 baseline while strictly preserving the macro ascending trendline established since early in the year. Noticeably contracting volume across recent corrective red bars proves that distribution pressure has completely dried up and circulating supply has been absorbed by institutional buyers. With the structural baseline defending valuations, buy-side momentum is well-positioned to command an aggressive five-wave markup sequence toward unprecedented heights.
The optimal trading approach is to initiate Long positions within the $80–$83 zone. A protective stop-loss parameter should be placed safely beneath the structural wave (C) base at $72.61. The primary strategic take-profit objective targets the terminus of extended wave (5) near $149.74, securing superior risk-to-reward metrics.
Disclaimer: This is not financial advice, DYOR. $HYPE #Colecolen $DUSK $DODO
Hyperliquid (HYPE) is presenting an optimal trend-continuation Long setup on the daily timeframe as price action completes a textbook three-wave corrective cycle. Following the completion of its primary five-wave expansion into the $100 psychological threshold, this healthy flush onto wave (C) support provides a high-conviction entry to ride the next impulse phase.
Based on visual data from the daily chart, candles printed an immediate, responsive bounce directly off the $80 horizontal support shelf upon finishing the A-B-C corrective pattern. The terminus of wave (C) landed squarely on the upward-sloping dynamic MA100 baseline while strictly preserving the macro ascending trendline established since early in the year. Noticeably contracting volume across recent corrective red bars proves that distribution pressure has completely dried up and circulating supply has been absorbed by institutional buyers. With the structural baseline defending valuations, buy-side momentum is well-positioned to command an aggressive five-wave markup sequence toward unprecedented heights.
The optimal trading approach is to initiate Long positions within the $80–$83 zone. A protective stop-loss parameter should be placed safely beneath the structural wave (C) base at $72.61. The primary strategic take-profit objective targets the terminus of extended wave (5) near $149.74, securing superior risk-to-reward metrics.
Disclaimer: This is not financial advice, DYOR. $HYPE #Colecolen $DUSK $DODO