$HIPPO
Retest Trade: The Smart Money Play
The Setup:
- Price broke key resistance → waited for retest
- Entry triggered by:
✔️ Clear rejection wick + volume surge (2.5x average)
✔️ 15m bullish engulfing candle
✔️ Confluence with BTC stability
This trade exploited a classic market mechanic: breakout retests. After HIPPO cleared resistance, I waited for the pullback to test the new support level. The 3x volume spike on the bounce confirmed institutional interest, while the tight wick rejection showed seller exhaustion. By entering on the first bullish close after the retest (stop below swing low), I captured the move with a 1:3 R:R—proof that patience in waiting for confirmations beats chasing breakouts. Always trade the retest, not the hype!
