Does this mean the head and shoulders pattern has now invalidated? Or still possibly in play?
Obvis short is no longer here but if still in play it should fall soon right?
bahadirkisbet
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@viciousjohnson, Hi my friend, in theory, you are right. the right shoulder can be form above the left shoulder. In practice, I wont take a position. It is because there is no particular news about 1inch and it has pumped literally while btc dominance has increased. You may look more safer place to take a position. On the other hand, My suggestion would be that it is better to look at other coins because 1inch currently behaves irregular compared to other coins. For long term, 1inch seems really underrated. When we confirm that we are in bullish price action rather than bearish from wider perspective, I am gonna buy 1inch for spot. ( based on my observations, the coins that behaves irregular when btc makes harsh moves are good coins. SOL is the one of them. )
I hope you had stop loss. 1inch is pumping very hard now.
bahadirkisbet
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@R2D2me, yep, I did my friend, I always put a stop loss when entering a position. Besides this, I could not find a news that is possible reason for it to pump. Do you have any idea of why it has pumped?
Obvis short is no longer here but if still in play it should fall soon right?