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🟢 $HYPE Short Liquidation Alert
$HYPE saw a short liquidation of $1,037.30 at $61.673, signaling bullish momentum. Immediate support is at $61.20, while resistance sits near $62.50.
VIP traders may consider tactical long entries near support, with tight stop-losses below $61.10. A decisive break above $62.50 could target $63.00–$63.50, fueled by short-covering.
Volume trends indicate strong absorption of shorts, suggesting continuation of the upward move. Short-term volatility remains elevated; disciplined position sizing is crucial.