Trade Setup: $HYPE/USDT (Long)
Entry Points:
• Market Entry: $33.57
• DCA: Optional around $32.00 (if price pulls back)
Stop Loss:
• Hard Stop: $30.30
Target:
• $35.44
• $38.67
• $42.70
Trade Reasoning:
• Bullish structure after pullback
• Entry near mid-support with defined risk
• Momentum recovery after correction
BY Technical CRYPTO Analyst
Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
The seemingly negative pandemic effects and resource/product shortages are encouraging and allowing organizations to innovate and change.The news of cash-rich organizations getting ready for the post-Covid growth economy is a sign of more than capital spending plans. Cash provides a cushion for risk-taking and a tool for growth.
Technical CRYPTO Analyst from hk