NFP/USDT has established a solid bottom, with the price consistently respecting the dynamic trendline, signaling strong support. This structure suggests the potential formation of an Inverse Head and Shoulders (ISHS) pattern, a classic bullish reversal setup.
The neckline, which serves as the immediate supply area, is a critical zone to monitor for a breakout. A successful breach of this level could confirm the setup, paving the way for further upward momentum.
The final target for this bullish structure is clearly marked on the chart, aligning with a key resistance level, offering a favorable risk-to-reward opportunity for traders. Do let us know what you think about this setup.
The neckline, which serves as the immediate supply area, is a critical zone to monitor for a breakout. A successful breach of this level could confirm the setup, paving the way for further upward momentum.
The final target for this bullish structure is clearly marked on the chart, aligning with a key resistance level, offering a favorable risk-to-reward opportunity for traders. Do let us know what you think about this setup.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
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📩 Promotion/Partnership: t.me/WESLAD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.