$HYPE is sitting at the pressure point.
BIAS: LONG
I don’t want the wick. I want the 64.5 reclaim.
HYPEUSDT on Binance Futures is trading near 63.6 after a 24h range from 57.22 to 64.48. Funding is around -0.0108%, while CoinGlass shows roughly 6.5B USD futures volume, about 3.0B USD open interest, and around 16M USD in liquidations.
My scanner flagged it because 48h turnover is now more than 2x its recent baseline.
That matters because shorts are still paying to fade this while price sits near the high. If 64.5 becomes support, they don’t get comfort. They get squeezed.
Entry zone:
62.8 to 64.6
Trigger:
15m close above 64.5, then hold the retest
Invalidation:
60.8
Targets:
TP1: 68.8
TP2: 72.0
TP3: 76.5 if futures pressure stays hot
Execution:
Don’t buy the middle if 64.5 rejects. If 64.5 confirms before the next 4h close, waiting for comfort can cost the clean entry.
I’ve chased these before, annoying lesson. The money is usually in the retest, not the panic candle.
LONG while 64.5 confirms. Lose 60.8 and late longs become liquidity.
#BinanceFutures #Perps #Altcoins #CryptoTrading