$HYPE - SHORT position: TP1 - check.Hyperliquid/TetherGATE:HYPEUSDTColdBloodedCharterHYPE - SHORT position: TP1 First profit taken at $68. I still see potential for much lower prices. The key support now is the yellow 50 MA at $64.5. A breakdown below that level would confirm the recent lower low as nothing more than a dead cat bounce, in my opinion. If that happens, the Elliott Wave projection points to technical targets at $54.6 or even $43.2. STOP LOSS remains slightly above $73, just above the most recent swing high. 👽💙