A $2.58K LONG liquidation was triggered at $22.21475, forcing bullish positions to close and increasing short-term downside pressure. Long liquidations often accelerate pullbacks when price fails to hold key support levels.

With longs flushed, $HYPE is now trading around a critical reaction zone. If sellers maintain control and volume confirms weakness, price could extend lower. A reclaim above the liquidation level may lead to consolidation or a short-term bounce.

Trade Setup – $HYPE

EP: 22.10 – 22.40

TP1: 21.60

TP2: 21.00

TP3: 20.40

SL: 23.10

Liquidations reset positioning — let price action confirm the next move.

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