$HYPE /USDT

Price has just expanded aggressively from the 21.63 base, which now clearly stands as the last higher low and demand zone. That base was formed with multiple rejections and absorption, showing accumulation rather than panic selling. The impulse candle that followed is a classic liquidity run through the local range highs around 22.70–23.00, where stops were resting.
Now price is sitting near 23.60–23.80, which is the first meaningful supply area. This move is strong, but it’s also vertical, meaning continuation requires acceptance, not just a wick through highs. If price holds above 23.00 on a pullback, that would confirm strength and open room for a continuation toward the 24.00–24.40 area where higher timeframe liquidity sits.
If instead price loses 23.00 and starts closing back inside the prior range, then this move becomes a liquidity grab rather than expansion, and the chart likely rotates back toward 22.40–22.00 to rebalance.
A clean long only makes sense on a pullback into support with holding structure. Chasing here is poor positioning. Invalidation is a clean loss of 22.40, which would break the short-term bullish structure.