Hypeusdt trading ideaHypeUSDT is exhibiting a potential bullish pennant structure, with price having completed five wave legs within the formation and now awaiting a decisive breakout from the triangle body.
The main plan is to accumulate within the primary accumulation zone, which remains valid as long as price stays above $19. A confirmed close below this level would invalidate the structure and shift focus to the re-accumulation area, presenting a long-term accumulation opportunity.
If price respects the initial setup, a sharp move toward the $28.11 resistance level is expected, with a breakout above this zone likely to trigger strong bullish momentum, targeting $54 to $58 in the mid-to-long term.
The market structure remains favorable for an upward expansion, and price reaction at these critical levels will determine the next major move.
What are your thoughts on this setup?
