$HYPE engineered a classic liquidity sweep at $98.057 after breaking out of a seven-month ascending triangle. Retail buyers chased the expansion candle above $90, only to get trapped at the local top while smart money started rotating profits.
The institutional bid does not sit here at $88.59. The real demand rests back at the previous $74.216 multi-touch ceiling, which now serves as primary structural support alongside the macro ascending trendline. Wait for this corrective leg to finish washing out late longs into the $74.00 to $76.00 zone before stepping in.
Take initial profits back at $88.00 and leave runners for a retest of $98.00 and new highs above $105.00. If a 4H candle closes below $71.50, the breakout failed, structure breaks down, and you cut the trade immediately.
The institutional bid does not sit here at $88.59. The real demand rests back at the previous $74.216 multi-touch ceiling, which now serves as primary structural support alongside the macro ascending trendline. Wait for this corrective leg to finish washing out late longs into the $74.00 to $76.00 zone before stepping in.
Take initial profits back at $88.00 and leave runners for a retest of $98.00 and new highs above $105.00. If a 4H candle closes below $71.50, the breakout failed, structure breaks down, and you cut the trade immediately.
