Summary for easy remembering: • MA cross = rebound, not necessarily reversal • Can go higher a bit, but high risk • Waiting for a rebound to Short is still a valid strategy
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$HYPE Timeframe 15m)
• MA5 crosses above MA10 & MA30 → technical rebound signal
• Current price 29.55–29.6 is hitting resistance
• MACD slightly positive but:
• DIF still below 0
• Thin green Histogram → weak buying pressure
📌 This is called: pullback in a downtrend
⸻
Very likely scenario (80%)
1️⃣ Price pushes higher:
• 29.7 – 29.9 (maximum)
2️⃣ Then:
• loses momentum
• gets sold down again
➡️ Not a strong long entry signal
⸻
What should you do NOW?
❌ Avoid chasing longs
• MA crosses after the price has already risen
• Long now = buying near resistance
✅ If you already have longs
• Take profit gradually around 29.7–29.9
• Move stop-loss to break-even
✅ If you want to Short
• Watch 29.8 – 30.2
• Wait for:
• Doji reversal candle
• or red engulfing candle
→ Safer to Short
⸻
When can we say “it’s really going up”?
Only when:
• 15m stays above 30
• 1H closes above EMA30
• MACD 1H crosses above 0
⛔ Currently NOT there yet
⸻
Summary for easy remembering:
• MA cross = rebound, not necessarily reversal
• Can go higher a bit, but high risk
• Waiting for a rebound to Short is still a valid strategy