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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