HYPE: Completes 5-Wave Impulsive Expansion Near $100 Ceiling – Strategic Corrective Wave (C) Short Targeting $80 Floor
Hyperliquid (HYPE) is presenting a high-probability corrective Short setup on the daily timeframe after completing a full 5-wave motive expansion cycle. Encountering sharp resistance just below the major psychological $100 round-number ceiling confirms buyer exhaustion, opening a direct technical path for a textbook three-step corrective retracement.
Based on visual data from the daily chart, the primary impulsive structure culminated at wave (5) and transitioned into an orderly zigzag corrective sequence. Following the initial markdown leg that carved out wave (A) around the $85 handle, the corrective relief bounce of wave (B) stretched toward $94.07 before stalling beneath heavy distribution. The active daily candle near the $93.91 handle is printing an upper rejection wick, proving that institutional participants are no longer interested in bidding prices to new highs. As counter-trend momentum fades, prevailing market inertia is primed to trigger corrective wave (C), driving valuations down to retest deeper structural demand.
The optimal trading approach is to initiate Short positions within the $93.8–$94.1 zone. A protective stop-loss parameter should be placed safely above the wave (B) pivot high at $96.45. The primary strategic take-profit objective targets the macro support floor near $80.46, securing superior risk-to-reward metrics.
Disclaimer: This is not financial advice, DYOR. $HYPE $ENA $ONDO
Hyperliquid (HYPE) is presenting a high-probability corrective Short setup on the daily timeframe after completing a full 5-wave motive expansion cycle. Encountering sharp resistance just below the major psychological $100 round-number ceiling confirms buyer exhaustion, opening a direct technical path for a textbook three-step corrective retracement.
Based on visual data from the daily chart, the primary impulsive structure culminated at wave (5) and transitioned into an orderly zigzag corrective sequence. Following the initial markdown leg that carved out wave (A) around the $85 handle, the corrective relief bounce of wave (B) stretched toward $94.07 before stalling beneath heavy distribution. The active daily candle near the $93.91 handle is printing an upper rejection wick, proving that institutional participants are no longer interested in bidding prices to new highs. As counter-trend momentum fades, prevailing market inertia is primed to trigger corrective wave (C), driving valuations down to retest deeper structural demand.
The optimal trading approach is to initiate Short positions within the $93.8–$94.1 zone. A protective stop-loss parameter should be placed safely above the wave (B) pivot high at $96.45. The primary strategic take-profit objective targets the macro support floor near $80.46, securing superior risk-to-reward metrics.
Disclaimer: This is not financial advice, DYOR. $HYPE $ENA $ONDO
