๐จ$ HYPE BULLS CAUGHT OFFSIDE โ $135K IN LONGS DESTROYED!
Hyperliquid is facing another test as leveraged buyers take a hit. $135,000 worth of HYPE long positions were liquidated at $74.86, highlighting the risk of holding aggressive bullish positions during uncertain price action.
๐ Liquidation Flash
- Asset: Hyperliquid (HYPE)
- Liquidated Side: Long
- Total Value: $135,000
- Liquidation Price: $74.86
๐ฏ Important Levels on the Radar
- Immediate Resistance: $75.80โ$76.50
- Major Resistance: $77.50โ$78.00
- First Support: $74.00
- Critical Support: $72.80โ$72.00
- Lower Target: $70.50
โ๏ธ NEXT MOVE: BULLISH RECOVERY OR ANOTHER DROP?
My short-term stance is cautiously bearish while HYPE remains below $76.50.
๐ป Bearish Scenario: Failure to reclaim $75.80โ$76.50 could send HYPE toward $74.00 and potentially $72.80. A confirmed breakdown may expose $70.50.
๐ข Bullish Scenario: If buyers reclaim $76.50 with strong volume, momentum could improve toward $77.50โ$78.00.
๐ก PRO TRADER'S TAKE
I would avoid catching the falling knife. Wait for a clear rejection at resistance or a confirmed support breakdown before considering a short. A strong reclaim could invalidate the bearish setup.
The $74 zone is now worth watching closely. HYPE needs buyers to step in before selling pressure gains further control.
#HYPE
#Hyperliquid
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses
Hyperliquid is facing another test as leveraged buyers take a hit. $135,000 worth of HYPE long positions were liquidated at $74.86, highlighting the risk of holding aggressive bullish positions during uncertain price action.
๐ Liquidation Flash
- Asset: Hyperliquid (HYPE)
- Liquidated Side: Long
- Total Value: $135,000
- Liquidation Price: $74.86
๐ฏ Important Levels on the Radar
- Immediate Resistance: $75.80โ$76.50
- Major Resistance: $77.50โ$78.00
- First Support: $74.00
- Critical Support: $72.80โ$72.00
- Lower Target: $70.50
โ๏ธ NEXT MOVE: BULLISH RECOVERY OR ANOTHER DROP?
My short-term stance is cautiously bearish while HYPE remains below $76.50.
๐ป Bearish Scenario: Failure to reclaim $75.80โ$76.50 could send HYPE toward $74.00 and potentially $72.80. A confirmed breakdown may expose $70.50.
๐ข Bullish Scenario: If buyers reclaim $76.50 with strong volume, momentum could improve toward $77.50โ$78.00.
๐ก PRO TRADER'S TAKE
I would avoid catching the falling knife. Wait for a clear rejection at resistance or a confirmed support breakdown before considering a short. A strong reclaim could invalidate the bearish setup.
The $74 zone is now worth watching closely. HYPE needs buyers to step in before selling pressure gains further control.
#HYPE
#Hyperliquid
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses