$HYPE just triggered a long liquidation, and this kind of correction is healthy. It’s letting the market digest the recent push and clearing weaker positions, which often sets up a stronger move afterward.

Trade Setup:

Entry Zone: $24.50 – $24.70

Target 1: $25.30

Target 2: $25.80

Stop Loss: $24.30

I’m watching this zone closely because it has acted as a solid support in the past and aligns with the 0.382 Fibonacci retracement of the previous swing. They’re building strength around $24.60, and if this level holds, HYPE could easily target $25.80.

The $2.19K long liquidation at $24.87453 shows buyers are stepping in decisively. If volume confirms, this zone becomes a strong entry for the next leg up.