Pair: SOLV/USDT 💱
Timeframe: 1D 📅
Pattern: Inverse Head & Shoulders 👕 (Reversal Setup)
SOLV is forming a clean inverse head & shoulders pattern on the daily chart, with the neckline resistance sitting near 0.046–0.047. Price is currently retesting this area, signaling a potential breakout attempt 🔍📈.
Bullish Scenario ✅
A daily close above the neckline (>0.047) with strong volume could trigger a breakout:
🎯 Target 1: 0.060
🎯 Target 2: 0.070
🛑 Suggested SL: below 0.038 (right shoulder low)
Bearish Risk ❌
Rejection from neckline without volume confirmation may lead to another pullback toward the 0.038–0.035 zone.
⚠️ Let the pattern complete — confirmed breakout only!
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Disclaimer
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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.