HYPEUSDT has formed a bullish ascending triangle — a price pattern suggesting an upward breakout. Price action shows tight compression with higher lows, indicating aggressive buyers stepping in.
The current long position is taken from a pullback entry at $35.404, just above the ascending support. The trade targets a breakout move toward $40.449, aligned with previous highs and psychological resistance.
Trade Setup:
- Entry: $35.404
- Stop Loss: $34.154
- Take Profit: $40.449
- Risk:Reward Ratio: 1:4.04
This setup anticipates a breakout continuation. A strong bullish candle above $38.30 could serve as confirmation. A break below the ascending structure would invalidate the trade.
Bias: Bullish breakout continuation
Trigger: Ascending triangle formation with compression toward resistance
Invalidation: Break below $34.154 (structure low)
The current long position is taken from a pullback entry at $35.404, just above the ascending support. The trade targets a breakout move toward $40.449, aligned with previous highs and psychological resistance.
Trade Setup:
- Entry: $35.404
- Stop Loss: $34.154
- Take Profit: $40.449
- Risk:Reward Ratio: 1:4.04
This setup anticipates a breakout continuation. A strong bullish candle above $38.30 could serve as confirmation. A break below the ascending structure would invalidate the trade.
Bias: Bullish breakout continuation
Trigger: Ascending triangle formation with compression toward resistance
Invalidation: Break below $34.154 (structure low)
Trade closed manually
Closae On Profit (36.435)
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.