【$HYPE Signal】Long - 1H breakout retest confirmation, main force clearly intends to support the price

$HYPE The 1H timeframe is strongly consolidating above EMA20 (29.67), just completed testing and retesting the previous high of 31.4. The 4H timeframe has broken through the downtrend line, EMA20/50 golden cross is imminent, and the trend is turning bullish. The current price is consolidating around 30.88, with buy order depth (bid_ask_ratio_depth: 1.14) significantly better than sell orders, indicating strong support below.

🎯Direction: Long (Long)

⚡Entry/Order: 30.85 - 30.95

🛑Stop Loss: 29.90

🚀Target 1: 32.50

🚀Target 2: 34.00

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position's stop loss up to the entry price of 30.85. If the price strongly breaks through 32.50 and stabilizes, move the remaining position's stop loss up to 31.80 to aim for Target 2.

(Depth Logic: Over the past 24 hours, the increase is 14.65%, with volume and price rising together. Key points are: 1) Open Interest (OI) remains stable, no capital outflow after a large price increase, implying main force support or new funds entering. 2) The 1H RSI (72.45) is high but not exhausted, indicating strong momentum. 3) The order book depth is imbalanced at 6.51%, favoring buyers, with buy orders clustered around 30.86-30.88, forming a microscopic support. This is a healthy retest after a breakout, aiming for continued upward movement. )

Check real-time quotes 👇 $HYPE

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