HYPE Alert! Will This Pattern Make Us Rich? 🤑

Right, so HYPE, bless its little cotton socks, seems to be trying to pull a fast one with some sort of “bullish reversal”. Apparently, it’s attempting an inverse head and shoulders pattern, which, if you ask me, sounds like something you’d order at a pretentious spa. 💆‍♀️ If it actually works, we might just see the end of the current misery and a potential leap towards a whopping $25. Let’s hope it’s not all just hot air!💨

The big moment is when Hyperliquid’s (HYPE) neckline resistance at $17.17. Breaking above this is like winning a small lottery, especially if it’s accompanied by a lot of shouting and volume. This would apparently confirm the pattern and trigger a bullish expansion. The target is $25.05, which they calculated using some sort of complicated math involving measuring the depth of the head to the neckline. Honestly, sounds like something a boyfriend would make up to impress you. 🙄

Key points for the financially challenged:

The wonky structure of the inverse head and shoulders forming on HYPE.
Key neckline resistance at $17.17, and the role of volume confirmation. (Whatever that means!)
A bullish technical target of $25.05, with invalidation at the current swing low. (Sounds like a bad yoga pose.)

HYPE has already formed a left shoulder and a deep head. I feel seen. This apparently indicates a strong retracement and potential bottoming formation. As the price starts to climb from the recent low, the next step is the formation of a higher low, which would mark the right shoulder. Once complete, this signals a potential trend reversal and accumulation phase. Basically, it’s all very dramatic. 🎬

The neckline at $17.17 is the key breakout level. A clean move above it, especially on above-average volume, is essential to confirm the pattern’s validity. Apparently, volume helps distinguish real breakouts from fakeouts. Like distinguishing a real handbag from a market stall special. Traders should monitor the volume profile closely. A strong breakout above $17.17 opens the path toward the $25.05 target. Fingers crossed! 🤞

On the downside, the swing low—the lowest point of the head—remains the invalidation level for this setup. A break below that low invalidates the pattern, and any bullish bias should be reconsidered. However, if the right shoulder forms and holds, this zone offers a strong risk-reward entry ahead of a potential breakout. Like finding a designer dress in the sale! 💃

How to trade this pattern (for dummies):

Wait for a higher low to form (the right shoulder), signaling bullish structure.

Enter early on strength in that region, or wait for confirmation. (Like choosing the best avocado at the supermarket.)
Confirmation comes with a close above $17.17 and rising volume. (Or when your crush finally texts back.)
The target is $25.05 based on the measured move. (Or the price of a decent bottle of wine.)
Set invalidation below the current swing low for risk management. (Or when your diet goes out the window.)

2025-04-14 23:05

Key points for the financially challenged:

How to trade this pattern (for dummies):

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