head & shoulder pattern ??A typical bullish pattern i.e. a reverse h & s pattern can be formed but
provided that it stabilizes above the neck line (black line) and the red resistance band.
so wait & watch it Carefully
PSTAKEUSDT trade ideas
A textbook reversal signal..And if you do not know what I mean then see the linked idea below ‘the study’. Now the market cap is way to small for my interest but it might appeal to someone or indeed someone who is interested in the long game.
The reversal pattern is one we see play out time and time again in all markets. Most recently on a crypto called CFX (see example below). The psychology between buyers and sellers is very specific and is told in great detail on this particular pattern. The last 6-day candle to print on this chart informed you of the great weakness amongst sellers. This crucial.. for the moment demand returns there practically no resistance until new buyers sell into the market.
Is it possible price action falls further? Sure.
It is probable? No
Ww
Type: trade
Risk: 1%
Timeframe: now
Return: At least 500%
The study
Example
PSTAKEUSDT"As we enter the bullish season, the initial target to aim for is
target : 0.45 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
You can buy PSTAKE same SEED BINANCE prnt.sc
Coinlist 500$ - 1250 coins
Okex 500$ - 9900 coins.
Time to buy
