Watching $HYPE there's a thick wall of long liquidations stacked between 28 and $32.

Price keeps finding support around 32.50, but each rejection from the 35 area adds more long exposure underneath.

The longer it fails to break higher, the more that pool of trapped longs below becomes a target.

If 32.50 gives way, it could trigger a cascade down toward 28 as market makers clear out those positions. #TrumpEndsShutdown