I’m planning to enter a HYPE swing long on a golden pocket pullback during a bullish structure continuation, with confluence from EMAs, fibs, and demand volume. The setup is based on the daily chart for trend structure and 1-hour chart for entry timing.
My stop is placed below structural invalidation, and I have two profit targets: one conservative (TP1) and one trend-continuation (TP2). I plan to move my stop to breakeven after TP1 is hit in order to protect the trade and let the rest run risk-free.
Entry at $39.20 – Inside the golden pocket (0.618–0.786 fib), where bullish pullbacks often reverse. Confluence with 21 and 50 EMA on the daily and high-volume support just below.
Stop-loss at $37.80 – Below structure and golden pocket. If broken, the setup is invalid and trend may shift.
TP1 at $43.00 – Previous local high and supply zone. Strong resistance and logical partial profit zone. Locks in ~2.7R. I plan to secure partial profits here and move my stop to breakeven.
TP2 at $46.50 – Full fib extension and psychological resistance. If trend continues, this is where momentum likely tops out short term. Gives ~5.2R.
My stop is placed below structural invalidation, and I have two profit targets: one conservative (TP1) and one trend-continuation (TP2). I plan to move my stop to breakeven after TP1 is hit in order to protect the trade and let the rest run risk-free.
Entry at $39.20 – Inside the golden pocket (0.618–0.786 fib), where bullish pullbacks often reverse. Confluence with 21 and 50 EMA on the daily and high-volume support just below.
Stop-loss at $37.80 – Below structure and golden pocket. If broken, the setup is invalid and trend may shift.
TP1 at $43.00 – Previous local high and supply zone. Strong resistance and logical partial profit zone. Locks in ~2.7R. I plan to secure partial profits here and move my stop to breakeven.
TP2 at $46.50 – Full fib extension and psychological resistance. If trend continues, this is where momentum likely tops out short term. Gives ~5.2R.
Trade active
Entry hit and I am in the trade now.Trade closed: stop reached
SL hit unfortunately. Part of the game.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.