$HYPE forming an inverse head & shoulders but here's the problem:
This pattern usually marks bottoms and signals reversals. When it shows up near a TOP, the breakout often becomes a liquidity trap instead of continuation.
Key level: $95 neckline resistance
→ Clean daily close above $95: structure opens path to $150
→ Rejection below $95: failed breakout high risk
→ Strong support sits at $53
→ If $53 breaks: deeper reset likely
Setup screams caution over blind bullishness. Not saying short it, but if $HYPE can't reclaim and hold above $95, expect a move back toward $50-$53 support zone.
Risk management critical here. NFA DYOR.
This pattern usually marks bottoms and signals reversals. When it shows up near a TOP, the breakout often becomes a liquidity trap instead of continuation.
Key level: $95 neckline resistance
→ Clean daily close above $95: structure opens path to $150
→ Rejection below $95: failed breakout high risk
→ Strong support sits at $53
→ If $53 breaks: deeper reset likely
Setup screams caution over blind bullishness. Not saying short it, but if $HYPE can't reclaim and hold above $95, expect a move back toward $50-$53 support zone.
Risk management critical here. NFA DYOR.
