$HYPE just flushed long positions at $24.886, which tells us late buyers got trapped at local highs. This kind of liquidation usually opens the door for controlled continuation rather than random bounce. Market structure is still heavy, and price needs to reclaim strength before any real upside.
EP (Entry Price):
$24.30 – $24.00 zone
TP (Take Profit):
TP1: $23.40
TP2: $22.60
TP3: $21.90
SL (Stop Loss):
$25.45
Momentum is cooling after an aggressive push. Liquidity above has already been taken, which increases the probability of price drifting lower into demand. Bias remains cautious bearish until $25.45 is broken and held.
HYPEUSDT
Perp
24.95
+1.77%
