HYPE Swing Long Idea
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are creating favorable conditions for further upside in crypto assets.
📈 Technical Analysis
HYPE is showing relative strength compared to other crypto assets.
Price bounced from the bullish trendline, forming a 4H demand zone.
It tapped into this 4H demand zone again and found support, confirming buyers’ interest.
📌 Game Plan
I will be watching for a return to the 4H demand zone and a run of the first tap at $42.4 to initiate a potential all-time high move.
I will also be looking for either a tap or deviation from the bullish trendline, followed by a close back above it.
🎯 Setup Trigger
I will be waiting for a 4H–1H market structure shift before entering the trade.
📋 Trade Management
Stoploss: 4H–1H swing low confirming the BOS
Targets:
TP1: $47.4 – Internal High
TP2: $49.8 – All-Time High
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are creating favorable conditions for further upside in crypto assets.
📈 Technical Analysis
HYPE is showing relative strength compared to other crypto assets.
Price bounced from the bullish trendline, forming a 4H demand zone.
It tapped into this 4H demand zone again and found support, confirming buyers’ interest.
📌 Game Plan
I will be watching for a return to the 4H demand zone and a run of the first tap at $42.4 to initiate a potential all-time high move.
I will also be looking for either a tap or deviation from the bullish trendline, followed by a close back above it.
🎯 Setup Trigger
I will be waiting for a 4H–1H market structure shift before entering the trade.
📋 Trade Management
Stoploss: 4H–1H swing low confirming the BOS
Targets:
TP1: $47.4 – Internal High
TP2: $49.8 – All-Time High
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
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.
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.