Hyperliquid challenges SEC rule

Aug 17, Hyperliquid Policy Center and Douro Labs urged SEC to repeal Rule 611, arguing it conflicts with onchain trading. They proposed principle-based best execution guidance for blockchain markets.

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$AEON /USDT | SHORT SETUP


Price: $0.08464

24H: -6.52%

Market: Bearish


I'm watching AEON from the short side because sellers are showing clear strength. The 24H drop is strong, so I want to see a weak bounce before considering an entry.


SELL ZONE: $0.0855 - $0.0880

TP1: $0.0820

TP2: $0.0785

TP3: $0.0750

STOP LOSS: $0.0910


Support: $0.0820

Resistance: $0.0880 - $0.0910


A rejection near resistance could bring another seller push. If $0.0910 breaks strongly, I would leave the setup.


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$ATOM /USDT | SHORT BIAS


Price: $1.4113

24H: -0.20%

Market: Slightly Bearish


I'm keeping ATOM on watch because momentum is still weak. The daily move is small, so confirmation matters more than rushing into a trade.


SELL ZONE: $1.42 - $1.45

TP1: $1.39

TP2: $1.36

TP3: $1.33

STOP LOSS: $1.49


Support: $1.39

Resistance: $1.45 - $1.49


If sellers defend $1.45, ATOM could revisit lower support. A clean break above $1.49 would cancel the bearish setup.


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$USDC — USD Coin

$USDC is a completely different setup. It is sitting around $1.0007 with roughly $31.34M volume and showing 0% on the screen. Since USDC is designed to stay near $1, I would not treat this like a normal momentum trade.

EP: $1.0000–$1.0007

TP: $1.0020

SL: $0.9980

The main thing to watch here is the peg rather than a large upside move. A sustained move away from $1 would matter more than a small percentage change.

Let’s go $USDC ⚡#Treasury yields hit 19-year high

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$KII is the standout mover in the screenshot. It is trading around $0.07008, up a strong 3.62%, with roughly $40.50M volume. That combination of price momentum and meaningful volume makes it one of the more interesting names on this board.

EP: $0.0698–$0.0701

TP1: $0.0722

TP2: $0.0736

SL: $0.0687

I’d be watching volume carefully here. If buyers keep defending the entry area, another leg higher becomes possible. But after a sharp move, chasing a spike carries higher risk, so the SL matters.

Let’s go $KII 🚀🔥

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