#HYPEUSDT

▪️**Trade:** Buy limit order 📈
▪️**Entry:** 82.12
▪️**Take profit:** Open
▪️**Stop loss:** 75.1
▪️**Valid until:** Canceled
**Market outlook:**
We continue to monitor our setup on Hyperliquid. Previously, we considered buying from support at 78.32. The order was filled, and price made a strong local move higher of around 25% without leverage. We took profit on 50% of the position and moved the stop loss to breakeven.
We are now seeing a short-term pullback, with price holding below the newly formed resistance at 88.718. However, the preceding rally formed a new support level at 81.910. A large order block accumulated there, suggesting that significant capital entered the market.
The new support has not yet been retested, and the first test is generally the most precise. We are therefore placing a buy limit order near 81.910 as part of an intraday trading setup.
Last week, ICE announced a partnership intended to bring perpetual contracts based on Hyperliquid to the US market, potentially taking the project to a new level. While the broader market fell 6–7% following the Binance hack, HYPE rose and trading volume on the platform increased fourfold. Capital appears to be looking for alternatives to centralized exchanges.
Higher trading volume means more fees, which are used for daily token buybacks. HYPE has also entered the top ten cryptocurrencies by market capitalization, bringing it to the attention of larger investors.
**Risk management:**
In line with our trading strategy, the stop loss is placed at 75.1, below the key support zone at 77.233–78.349. This leaves additional room for a potential false breakdown while keeping risk defined.
**Targets:**
Our first objective is a return to the newly formed resistance at 88.718. At this level, we will take partial profits and move the stop loss to breakeven.
We will then watch the price action for two possible scenarios: consolidation between support and resistance, or a tight build-up below resistance followed by a breakout. If price breaks higher, the next potential target is 100, with room for a further move above it.
For now, the take profit remains open so we can follow the price action. The order has no expiration date; if it is filled, we will provide updates on the position.
The setup meets all the rules of our trading strategy. Let’s stay disciplined, traders. Wishing everyone profitable trades—HYPE is living up to its name! 🤝
**Trade updates:** https://t.me/addlist/1tRFE2bSkE04MWNi