$HYPER
Long Liquidation: $194.92K at $23.84604
Current Price Area: hovering around the mid-$23 range
Market State: aggressive leverage flush, trend interrupted
Key Support:
Primary demand zone sits at $22.20–22.80, where buyers previously defended
Key Resistance:
$25.00–25.80 is now heavy overhead supply
Market Insight:
This was not a small mistake by retail. A liquidation of this size signals overcrowded long positioning. HYPE needs time to rebuild credibility before continuation
Sentiment: shaken, defensive
Targets:
Relief bounce toward $24.80 if support holds
Failure risks rotation toward $21.50
Next Move:
Expect consolidation and failed bounce attempts before any real trend resumes
Pro Tip:
After a liquidation of this magnitude, chasing rebounds is how accounts
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