Long
$SHFT Inverse Head & Shoulders
This ones a little illiquid but doing all the right things to support the idea of the head and shoulders pattern.
Nice volume on the break of the lower resistance, and again on the checkback.
Id feel better about it with a close above the inflection zone, or the neckline with a checkback, but given the illiquidity, these type of coins dont always give that opportunity.
With how much its up on the day, itd be a tough one to strategize but a good look for now, but i usually like to dial in targets on lower time frames where high volume supports previous support/resistance flips and either scale in, or adjust risk accordingly.
Nice volume on the break of the lower resistance, and again on the checkback.
Id feel better about it with a close above the inflection zone, or the neckline with a checkback, but given the illiquidity, these type of coins dont always give that opportunity.
With how much its up on the day, itd be a tough one to strategize but a good look for now, but i usually like to dial in targets on lower time frames where high volume supports previous support/resistance flips and either scale in, or adjust risk accordingly.
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