$HYPE Momentum Watch

HYPE is showing signs of recovery after carving out a local bottom at $37.90. The 15m chart indicates a rounding bottom formation, with the price currently pushing against the mid-range resistance at $38.70.

Proposed Levels:

Long Entry: $38.25 – $38.65

TP 1: $39.30 (Local Supply)
TP 2: $39.75 (24h High)
TP 3: $40.50 (Psychological Barrier)

Stop Loss: $37.60

The Alpha:

Volatility is tightening, often a precursor to a volatile expansion. If HYPE can flip the $38.72 level into support, the path toward a retest of the $39.69 peak becomes much clearer. Focus on clean closes above the current consolidate range before sizing in. Use spot market orders to avoid liquidation wicks in this range.

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