postpumpdistribution

$HYPE – 4H Overview
⚠️ Price Action: After a sharp spike, the market is dumping. Price fell ~10%, from 34.8 → 29, breaking below EMA(7) and EMA(25), signaling a short-term trend reversal.
Open Interest & Sentiment: Open interest peaked and is now declining, showing long positions are being liquidated. The market remains heavily long-biased, suggesting more downside is possible.
Key Levels:
Resistance: 30–31
Support: 26
Potential flush target: 23–22
Bias & Strategy:
❌ Avoid new longs for now
✅ Look for short setups on bounces or wait for a breakdown
Relief bounces may occur, but they are likely good selling opportunities
Summary: Classic post-pump distribution pattern; lower prices are expected.
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