Hype (Hypeusdt): two head and shoulders are forming

Feb 17

Hi!

Price is showing two structural signals. The smaller purple head & shoulders has already broken its neckline, which activates the measured move and increases the probability of the price moving toward the projected downside target.

The larger blue head & shoulders is still developing and not fully confirmed yet. Confirmation requires a clean breakdown and acceptance below the key horizontal support zone.

Structure Overview

• Purple H&S → Neckline already broken → Bearish move active
• Blue H&S → Still forming → Needs confirmation
• Price is currently testing a major support cluster

Trade Logic
If price breaks and holds below 27.12, short positions become higher probability, targeting the lower demand zone.

Targets
🎯 First Reaction Target: ~27.20 – 27.00
🎯 Main Pattern Target: ~23.00 area

Invalidation
If price reclaims and holds above ~28.30, downside momentum weakens, and the breakdown scenario becomes less likely.

Feb 18

Trade active

Feb 22

Trade closed: target reached

#hype
The first target has been touched, but the next long position is not activated yet!