🚨 Trade Setup | HYPE

Direction: Bullish (pullback recovery)

📊 Why this trade:

- Hyperliquid is the #1 perpetual DEX by volume — L1 dominance intact

- 30d +43% and 60d +62% confirm strong multi-TF uptrend

- 24h +5.1% with $792M volume shows momentum returning after 7d consolidation

🔥 Key insight:

HYPE pulled back -13.8% over the past week, but 30d/60d trends remain firmly bullish. This is a consolidation dip within a powerful uptrend — not a reversal. The 24h recovery at +5% with heavy volume suggests buyers are stepping back in.

🎯 Trade Plan:

Entry: $63.00 (current zone)

Target: $67.50

Stop: $61.00

⚖️ Risk/Reward: ~2.25:1

⚠️ Risk: MCap/FDV ratio at 0.23 — 77% of supply is locked, future unlocks could create sell pressure. Conservative position sizing recommended. If HYPE loses $61.00, the recovery thesis likely invalidated.

(Not financial advice)