The price perfectly fulfilled my last idea. 
HYPEUSDT has respected the higher low structure and bounced from the lower bound of its upward channel. After a corrective move and consolidation above the $38.80 level, the asset has formed a trend continuation pattern. With bullish structure still intact, price is gearing for a breakout toward the $48.00 resistance area. Continuation within the channel keeps the upside scenario valid.
📈 Key Levels
💡 Risks
HYPEUSDT has respected the higher low structure and bounced from the lower bound of its upward channel. After a corrective move and consolidation above the $38.80 level, the asset has formed a trend continuation pattern. With bullish structure still intact, price is gearing for a breakout toward the $48.00 resistance area. Continuation within the channel keeps the upside scenario valid.📈 Key Levels
- Buy zone: $38.80 support with bounce confirmation
- Buy trigger: breakout above trend continuation structure
- Target: $48.00 major resistance and top of ascending channel
- Invalid level: sustained close below $38.80 risks invalidation of bullish bias
💡 Risks
- Loss of channel support would trigger bearish momentum
- Volatility near resistance levels may cause fakeouts
- Macro shifts in sentiment could delay the breakout pattern
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.