Everyone is chasing the green candles on $HYPE ‌ right now, but they’re missing a huge warning sign.

We just hit a local peak at $45.27 and the rejection was almost instant. Looking at the daily, we’ve had a massive run from the $33 support zone, but we are starting to see some exhaustion. That long upper wick tells me the sellers are waking up.
If we can’t hold this $43 level, expect a quick slide back to $40 or even $38 to retest the previous breakout point. The volume is decent at $576M, but it’s not growing enough to push through this resistance easily.
I’m sitting on my hands for a bit. Jumping in here feels like buying the top of a local range. I’d rather wait for a solid dip or a clean break and retest of $45 before thinking about it.
Be careful with your leverage here. This looks like a classic "trap" zone for late buyers.

#Gate13thAnniversary