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$HYPE Clean Uptrend, Testing Local High Levels
🔥 Strong Recovery → Building Momentum
Price bounces from 37.75 and has made steadily rising higher highs and higher lows, now approaching the resistance zone at 39.8 again.
📊 Market Structure Insights
The bullish structure remains intact. A clean uptrend with consistently higher lows — buyers control on the 1H timeframe.
💡 Key Insights:
Repeated resistance tests usually weaken it — increasing the likelihood of a breakout.
🎯 Trading Levels:
Entry Zone: 39.2 – 39.6
Stop Loss: Below 38.7
Target 1: 40.2
Target 2: 41.0
⚠️ Key Levels:
39.8 → Direct breakout level
38.8 → Major support
Maintaining above 39 keeps the bullish momentum strong. A clean break above 39.8 opens the possibility for continuation.
Will you enter before the breakout or wait for confirmation above the high level?