$HYPE โ Real Breakdown or Just a Fakeout? ๐ค
On the H4 timeframe, $HYPE looks like it has broken down from its double top pattern, with the neckline at $29.2โ$30.5. Technically, thatโs a bearish signal ๐
But to avoid getting trapped by a fake breakdown, we need one more confirmation: if the next few H4 candles keep consolidating below the neckline and fail to reclaim it, the double top is likely validated.
โ Invalidation: if this breakdown is fake and $HYPE manages to reclaim $31.
