Potential Inverse H&S playing out on the 4HR chart for MFT. For aggressive traders, you can buy now or on the break of the neckline. For more conservative traders, a break and retest of the neckline would be a good entry.
As usual, this trade depends on how BTC holds up. If BTC tanks, I would expect a retest of the previous low of 85 sats,
Note
Not liking how BTC and the market in general is looking. Iam out of this trade for now. Looking at 85 sats as a potential reentry. Be safe out there.
Trade active
Support at 93 sats held up well. Entered again at 95 sats. Set a stop loss at 92 sats. First target is 110 sats.
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