$HYPE Sellers trapped in heat.

$HYPE LONG

Entry: $40.20 - $40.60

Targets: $42.50, $44.00, $46.00

SL: $38.50

Leverage: 3x - 5x

Reason:

While the price is down slightly, there is a massive $80M in short positions currently "In Loss." These sellers entered around $35.90 and are now underwater. With net sell volume being high but price holding above $40, we are likely looking at a "Short Squeeze" where sellers must buy back, driving the price up fast.

Will the trapped short-sellers panic and trigger a massive price pump?