$HYPE is showing a strong bullish expansion after breaking above the previous structure. Price is now trading around $91.6, while a major liquidity area sits near $93–95.
The key point is that the $93.8 area holds around $1.85M in liquidation leverage, making it an important level to watch. Price may first test or sweep this liquidity before showing a meaningful reaction.
From a structure perspective, the current move is still bullish. A short setup should not be taken simply because RSI is high or price has moved fast.
For a bearish setup, we want to see liquidity sweep → rejection → bearish CHoCH/BOS → displacement. If that confirmation appears, the next downside area becomes the $80–82 demand zone.
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