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$HYPE Update:
Since sharing, HYPE has increased by 30%.
The trading RR for this order: 9.25.
It has now reached the 🎯 target price, and a take-profit operation is underway.
🎯 Target price convergence point: fibo: 0.618 + MOB (Monthly Order Block)
Moving forward, we will focus on HYPE's reaction in the MOB area.
If it continues upward, look for opportunities to go long.
If it encounters resistance, look for opportunities to go short.
🚗Move the stop-loss position to: 37.74
🎯Partial take-profit operation at the target: 40.5
Here is the analysis:
Since the price has already reached the Fibonacci golden zone (0.618-0.66) and VAH, partial profit-taking is performed.
Then let the price continue to develop, so even if the price drops to KSL (key previous low) 37.74, we are still profitable.
$HYPE