Is HYPE Actually Setting Up For A Breakdown?

TBH, The HTF Structure Doesn’t Look Bullish To Me. This Doesn’t Look Like A Clean Bullish Pattern, It Looks More Like A Potential Trap To Pull Retail Into Longs Before A Sharp Distribution.

➡️ Below $79 → Bearish → $69 → $62 → $58
➡️ Above $84 → Bullish

Watch The $79 Support Closely. A Breakdown Could Trigger A Violent Liquidity Expansion.

$HYPE

HYPEUSDT

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