$HYPE Short Liquidation Update

Short positions totaling $2.4082K were liquidated at $23.55, signaling strong buy-side pressure and forcing sellers to cover.

Market Structure

Price is holding above the liquidation sweep, showing acceptance at higher levels. This shift supports a bullish continuation if momentum sustains.

Key Levels

Support: $23.40 – $22.80

Resistance: $24.60 → $26.20

Bullish Trade Setup

Entry: Break and hold above $24.60, or a controlled pullback holding above $23.40

Targets:

TP1: $26.20

TP2: $28.50

Stop Loss: Below $22.40

Market Sentiment

The short squeeze flipped short-term control to buyers. With sellers cleared and structure intact, pullbacks are likely to be absorbed rather than sold.

Bullish bias remains active while price holds support and volume confirms continuation.

#WriteToEarnUpgrade #ZTCBinanceTGE #USTradeDeficitShrink #USNonFarmPayrollReport #StrategyBTCPurchase