$HYPE SIGNAL ALERT 🔴✨️✨️🔥🔥🔥

$HYPE may potentially will be forming a classic Head and Shoulders pattern on the 1HR chart. This is a well-known bearish reversal pattern that typically signals a potential trend shift from bullish to bearish. The structure is clear — a strong Left Shoulder formed near 36.5, followed by a higher peak at the Head around 38.2, and a lower high at the Right Shoulder near 37.6.

The neckline sits around the 35.70–35.72 zone. A confirmed break below this neckline would activate the pattern and open up downside potential. The measured move from the head to the neckline projects a drop of approximately 3.71%, targeting the 34.35 zone as the next likely support.

Volume has started to fade after the Head peak, and RSI is cooling off from earlier highs, now hovering around mid-levels. If sellers manage to push the price below 35.70 with solid volume, the breakdown could be quick and sharp.

Traders should watch for a clean candle close below the neckline to confirm the pattern. Failure to hold the 35.70 support would validate the bearish setup, while reclaiming 37.00 might invalidate it. Manage risk carefully — setups like this can move fast once triggered.

Follow me

DYOR

dr_mt