Very nice imbalance on HYPE here, I think there are a few different things to keep an eye on, money to be made for sure.
Technically an msb on H1, although again a strong rejection and only a very short time spent above the msb. But we can try a long on the retest in the green box, if we get it. Stop is below the low.
Second long attempt is enter where we just got stopped, but only on a reclaim OR look for ltf entry in the big green box below.
Both tps are in the imbalance shown on the chart, from where we can eye rejection for trend continuation down.
Technically an msb on H1, although again a strong rejection and only a very short time spent above the msb. But we can try a long on the retest in the green box, if we get it. Stop is below the low.
Second long attempt is enter where we just got stopped, but only on a reclaim OR look for ltf entry in the big green box below.
Both tps are in the imbalance shown on the chart, from where we can eye rejection for trend continuation down.
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Content in partnership with:
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twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.