The long liquidation around $51.89959 on $HYPE looks like a classic leverage reset rather than a reason to panic. When a move like this wipes out overleveraged longs, the market often gets a chance to rebuild if buyers are still interested. I'm watching for price to hold above the recent support zone with steady buying volume before considering an entry. A strong reclaim could lead to a relief rally, while losing support would suggest the correction isn't over yet.
EP: $51.70–$52.10
TP: $54.20 | $56.80 | $59.50
SL: $49.90
