🔥 $HYPE chilling in consolidation but with a bullish lean, which could set up for something nice if it breaks right. For trading on 1-hour timeframe, I'm going cautiously long on this.

Volume on the hourly candles is fading a bit, down to 100-200k from earlier highs over 500k, so yeah, proceed with caution there. But the 24h volume at 4.38M shows there's still good liquidity kicking around.

Flows are a mixed bag: short-term like the last 5 mins has outflows (-1M USDT), but the hour flipped to +535k inflow, and the full day is positive at +3.5M. Overall, that backs the bullish side despite the chop.

Entry longs $HYPE : Pick it up near support 24.3-24.4, or wait for a volume-backed break over Resistance level at 24.7.

Stop: 3% below your entry, around 23.7, factoring support at 24.

Targets $HYPE : 25.2-25.5, hitting MA120 and resistance zone

HYPE
HYPEUSDT
24.99
-4.42%

Anyone seeing the same setup? #hype #hypeusdt #Hyperliquid