Probably it's an exit liquidity for $HYPE

$HYPE — Bounce rejected at resistance, momentum rolling over.

🔴 Short $HYPE
Entry: 30.8 – 31.2
SL: 33.0
TP1: 28.8
TP2: 26.9
TP3: 24.5

HYPE rallied into a clear resistance zone but couldn’t secure any real acceptance above it. Upside is losing steam fast—highs are seeing strong rejection, sellers are stepping in hard, and follow-through remains weak. The structure stays bearish and heavy overall; this remains a corrective bounce rather than the beginning of a reversal, as long as price stays capped below resistance.

Trade $HYPE here 👇
{future}(HYPEUSDT)