$HYPE had a decent setup inverse head & shoulders plus an ascending triangle but the lack of volume was the red flag. Once volume kicked in, price dumped hard, breaking below 26.846 and hitting $26.043.
That move wiped out both bullish structures. The iH&S is gone, the triangle's invalid, and there's nothing bullish left on the chart. At this point, the only level that matters is a daily close above $27.5. Without that, there’s no range, no base, and no setup to work with.
Until then, the chart’s got no structure and with no structure, there’s no trade. No edge, no interest
