Too Much "HYPE" right now over HyperliquidHYPERLIQUID / US DOLLARPYTH:HYPEUSDbigkid803Hyperliquid has been pumping and pumping and pumping for months now, but there is cause for great concern. On the Weekly chart, we've had a weekly "Break of Structure" back on the weeks of Oct 6 and Oct 13. Since then, it returned to the "Source" of the break at ~$50. This is strong pattern we've studied and seen play out numerous times. We got a big rejection at $50, as expected and now the market is bouncing, attempting to draw "long positions" into the trap. Once I've seen a break of structure like this on the weekly level, my target is always the weekly "Source". In this case, it's way down at ~$10 - $14. That's a hard pill to swallow for most people and unbelievable to nearly everyone. But, make no mistake about it...any significant pushes up right now are all "hype", and long positions will most likely get liquidated. My position is Short on Hyperliquid to the Weekly Source. The only saving ground from falling that far would be a re-established structure on the H4 - a strong Bullish break of structure UP and a clear break and retest of the Supply or Resistance Zones.