HYPE is in DangerHyperliquid / TetherKUCOIN:HYPEUSDTvs_sayinHype is currently apporaching a hardcore supply zone but that's not all. Rally was strong until the last day before it touches the main Supply Zone. At the moment, if you check any indicator that can show you divergence like RSI, you'll realise that price is struggling to climb any higher. Moreover, check the Volume as always you should : As you can see easily, volume is also showing weekness and divergence. This is also signaling something else and also the my main point: "Ending Diagonal" This is how it looks like: This is not just a "nice pattern" to memorise, it's the ultimate signal of a falling knife. To understand wave counting better, you should always check the previous waves in order to understand the current one. In the previous waves, there was 5 wave impulsive down trend and it already finished many weeks ago. The current wave counting shows we're in a corrective wave in higher time frames which can be labeled as A-B-C. Assuming the current wave C is on going, the inner waves has shown on the chart. The current inner wave count shows us that the price is in inner wave 5. That also can be proven by volume divergence at current zone. If we add near supply zone into this calculation, we can easily see where this is going. Or at least, it should be going. I'd look for short positions in the red supply zone on the chart. If price can close above $50 on weekly chart, I'll make an update. Any wick that goes beyond $50 is a liquidity hunt.