$HYPE is pulling back hard after a strong expansion move, and I’m seeing this drop as a classic momentum cooldown, not trend failure. Price ran from the $27 area to almost $35, grabbed upside liquidity, and now it’s retracing fast to reset the structure. This kind of move usually shakes out late buyers and sets the base for the next decision.

I’m watching the 1H structure and the sell-off is aggressive, but it’s approaching a very important demand zone. The candles are extending down, yet momentum is starting to compress near previous consolidation. This is where I slow down and look for reaction, not panic.

Entry Point
I’m planning my entry between $30.80 – $31.30. This zone lines up with prior support and the base of the last impulse leg. I want to see price respect this area and stop bleeding.

Target Point
TP1: $32.80 – first relief bounce and intraday resistance
TP2: $34.20 – prior rejection zone
TP3: $35.60 – expansion continuation if momentum flips bullish

Stop Loss
My stop is below $29.90. A clean break below this level means the structure didn’t hold and I’m out, no hesitation.

How it’s possible
I’m taking this setup because the higher structure is still strong, the pullback already cleared liquidity, and price is now reacting near a key demand zone. If buyers defend here, a rotation back toward the highs is very realistic. Risk is defined, structure is clear, and the reward justifies the trade.

I’m staying calm, following the chart, and letting price confirm my idea.

Let’s go and Trade now $HYPE ‌