I’m going to open a BIG LONG on $HYPE here.
TP: $90.10
SL: $85.30
The reason is simple.
$HYPE has finally broken out of the consolidation around $86.5–$87, and this time the move is coming with stronger volume instead of just another weak bounce.
Now the part I really like:
The liquidation map is showing around $16M in short liquidations between $92.80 and $96.00.
That means there is still a big pocket of short-side liquidity sitting above price.
So if this breakout keeps holding, buyers don’t need to do anything crazy at first. Even a move toward $90 can start putting pressure on those shorts and build momentum for a bigger squeeze.
That’s why I’m taking the long here instead of waiting for everyone else to get bullish after the move.
Breakout is there. Volume is improving in $HYPE . Liquidity is sitting above. Now I just want to see continuation.
TP: $90.10
SL: $85.30
The reason is simple.
$HYPE has finally broken out of the consolidation around $86.5–$87, and this time the move is coming with stronger volume instead of just another weak bounce.
Now the part I really like:
The liquidation map is showing around $16M in short liquidations between $92.80 and $96.00.
That means there is still a big pocket of short-side liquidity sitting above price.
So if this breakout keeps holding, buyers don’t need to do anything crazy at first. Even a move toward $90 can start putting pressure on those shorts and build momentum for a bigger squeeze.
That’s why I’m taking the long here instead of waiting for everyone else to get bullish after the move.
Breakout is there. Volume is improving in $HYPE . Liquidity is sitting above. Now I just want to see continuation.