Hyperliquid (HYPE) is currently testing the 200‑period EMA on the 4‑hour chart, a classic area traders watch for bounce and continuation opportunities. Let’s break it down with trade setups and key signals:
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🔍 Market Snapshot & 200 EMA Relevance
Price is hovering around $42.9, trading in the $42–$44 band after a pullback from recent highs near $49.8 .
The 200 EMA on 4h aligns near current levels, offering a potential support zone and a bounce point if buyers step in.
Volatility remains elevated: price dropped ~15% from highs and is now seeing consolidation around the test zone.
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🛠️ Trade Setups (Long-Biased)
1. 200 EMA Bounce Long
Entry: around 200 EMA (~$42.5–$43.0) on 4h chart
Stop‑Loss: just below EMA (~$41.5)
Take‑Profit 1: $45.5–$46.0 (prior swing high area)
Take‑Profit 2: $48.0–$49.8 (recent ATH zone)
2. Breakout Long on EMA Hold
Trigger: 4h candle closes above $44.0 after bounce off EMA
Stop‑Loss: below breakout level (~$43.0)
Target: $47.0 (mid-resistance), then $50+ on momentum orientation
3. Pullback Layered Buy
Entry 1: EMA area (~$42.5)
Entry 2: On pullback to $43.0 if EMA is respected
Stops: Each layer under $41.5
TPs: Scale partial at $46, hold remainder for potential run to $49–50
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⚠️ Key Risk Considerations
A break and hold below EMA (~$41.5) may lead to deeper retrace toward $40–$38 support zone.
Lack of bounce confirmation (low volume rebound) increases short risk.
Macro or alt‑crypto news could shift sentiment fast—watch out for sudden catalysts.
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🔄 Summary with Emojis
🟢 Bias: Long‑leaning if 200 EMA holds on 4‑hour timeframe
🧭 Strategy:
• Look for bounce around $42.5–$43.0
• Trade breakouts above $44 as confirmation
• Use layered entries and tight stops for added structure
🎯 Targets: $45–$46 (near swing high), then $48–$50 (ATH region)
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📌 Final Notes
Monitor the 4‑hour volume around EMA support to confirm interest.
Check for bullish candlestick patterns (e.g., hammer, engulfing) on 4h when touching EMA.
Use disciplined position sizing and move stops to breakeven post bounce.
Trade smart and let the 4‑hour 200 EMA guide your long bias! 🚀
