$HYPE just printed a long liquidation at $24.89206, which tells us late buyers were caught after price failed to hold higher levels. This liquidation flushed weak longs who entered emotionally instead of waiting for confirmation. What matters now is not the liquidation itself, but how price reacts after it.
Selling pressure slowed immediately after the sweep, showing that downside momentum is weakening. This behavior often signals absorption rather than continuation. If buyers defend this zone, price can rotate back upward from a healthier base.
EP: $24.20 – $25.00
TP: $26.80 → $29.40 → $33.00
SL: $22.90
Structure is stabilizing, momentum is resetting, and risk is clearly defined. A clean hold above entry favors a recovery move instead of deeper downside.
HYPEUSDT
Prep
23.87
-1.30%