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【$HIPPO Signal】Pullback Long, Gamble on Second Surge Higher
$HIPPO 1H timeframe pulled back after surging higher, with price consolidating around 0.00065 to digest selling pressure. 4H Bollinger Bands opening upward with price above the midline; medium-term structure remains intact. Buy orders accumulating noticeably around 0.000651, with funds supporting the price showing clear intent. Current risk-reward ratio is acceptable, making it worth gambling on a rebound after the pullback.
🎯 Direction: Long
⚡ Entry: Direct entry near current price 0.000652, or place pending orders in the 0.000597-0.000600 zone for ambush.
🛑 Stop Loss: 0.000600
🚀 Target 1: 0.0005895
🚀 Target 2: 0.0005858
🛡 ️Trade Management:
- Execution Strategy: Reduce position by half when price reaches the first target, move stop loss of remaining position up to entry price. If price fails to break through the intraday high and pulls back, exit all positions.
Position size remains stable with no large-scale position reduction after violent price swings, indicating main players are supporting the market. 1-hour RSI has pulled back from highs to neutral zone, providing room for another upward move. Densely placed pending orders below represent an ideal defensive level.
View Live Chart 👇 $HIPPO
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