#HYPEUSDT

▪️ Trade: Buy limit order
▪️ Entry: 70.09
▪️ Take profit: Open
▪️ Stop loss: 64.56
▪️ Valid until: Canceled
Market outlook:
We’re watching Hyperliquid for another short-term long opportunity.
Our earlier trades captured a strong upward impulse and delivered a solid profit. The next setup, however, hit its stop as price broke below key support zones and extended its decline to almost 30% from the highs . Losing trades are part of the process.
At this stage, chasing the decline with an intraday short looks less attractive. Substantial limit buy orders are clustered around 70 , providing a potential area for a rebound.
The fundamental case centers on the platform’s revenue and token buybacks. Almost all exchange fees reportedly go toward daily HYPE purchases, creating recurring demand beyond speculative buying.
ICE has announced a partnership intended to bring perpetual contracts based on Hyperliquid to the U.S. market. Since November 10 , HYPE has also been trading on two major South Korean exchanges, expanding access to an active retail market.
Year to date, HYPE has gained more than 180% , while Bitcoin is down approximately 15% . New services continue to launch within the ecosystem, potentially generating additional trading volume, fees, and buybacks.
Our view is that the recent decline reflects broader market selling rather than negative developments specific to the project. We’re looking for a short-term rebound following a test of 70 , with our buy limit positioned at 70.09 , just above that level.
Risk management:
The stop loss listed for this setup is 64.56 , defining the initial risk and allowing room for price volatility below the entry.
Targets:
The first objective is 79.512 , where we will move the stop to breakeven.
The main target is resistance at 88.718 . This level has already been tested, so we’re leaving the take profit open and will assess whether price rejects it or breaks higher.
The setup offers an attractive potential reward relative to the initial risk, provided the anticipated rebound develops.
Strong fundamentals remain central to our thesis 💪
The limit order remains active until canceled. Once filled, we’ll provide position updates. The setup meets our trading system’s criteria.
Wishing everyone disciplined and profitable trading 🤝
Trade updates: https://t.me/addlist/1tRFE2bSkE04MWNi