HYPE's hourly chart looks really ugly. Five of the six candles are pointing downward, and the price is dropping like sand in an hourglass, leaking down one grain at a time in a very steady way, with not even a decent fight back. On the derivatives side, aggressive sell orders are smashing buy orders into the ground, and the buy-sell ratio is absurdly lopsided. This isn't a shakeout; it's clearly distribution. The large-order capital flow is also showing a net outflow, with money being pulled out, which matches the order book action. If you're still expecting a rebound from this setup, all I can say is your position hasn't been cut cleanly yet. Wait until the slow grind lower wears your patience down to nothing, and you'll understand what it means to be boiled like a frog.
