$HYPE long: Hyperliquid burns 11,340 HYPE tokens in 24 hours 👀

Headline aside, my line is 78.8 on the 4H. I'm watching whether buyers defend 78.81–79.00, with 79.6 and 80.1 above.

The read:
- Daily above the EMA200 at 64.5, so the bigger trend is on this side
- BTC short-term trend bullish, a tailwind for this idea
- 1H RSI 56, momentum neutral, not overheated

🟱 LONG · Entry 78.81–79.00 · TP 79.60 / 80.06 / 80.76 · SL 77.75

Do buyers hold 78.8, or does 77.8 give way?

NFA · DYOR