“If it dumps on heavy volume, you have to run”—I’ve been hearing that for three years.

$HYPE Last night’s 21:00 candle traded 261,505 contracts, 3.1 times the average volume.
It dumped on 3.1 times the average volume, hit a low of 77.431, and closed at 77.921.
That’s even higher than the 77.604 open—the person who dumped it handed the inventory to themselves.
The real breakdown came at 05:00 this morning, with a low of 76.801.
That candle traded 67,292 contracts, just 0.8 times the average volume—the lightest of the session.
Heavy volume couldn’t push it down, but light volume broke through: that means buyers pulled out, not that sellers were aggressive.
It’s now at 77.45, with the chart showing a close at 77.28; ma20 at 77.49 is right overhead.
The low has risen from 76.801 to 77.074, with no new low in nine hours.
The 14:00 candle traded just 6,551 contracts; most of the people watching had left.
Only talk about a rebound if it gets back above 77.49; if it loses 76.80, forget this move.
(Not investment advice; trade at your own risk)