Falling Wedge breakout leads to Deadcat bounce to complete H&S
Ive been following the coinbase listing pump and entered a short at $16.30,
We are setup for bearish crossovers on the 4hr and 1day to dump but needed to set up on the lower time frames. This falling wedge breakout is the perfect setup for a deadcat bounce on the 1 hour to complete the H&S on the 4hr. Target is $5.06-$5.50 area which is a longterm support line.
We are setup for bearish crossovers on the 4hr and 1day to dump but needed to set up on the lower time frames. This falling wedge breakout is the perfect setup for a deadcat bounce on the 1 hour to complete the H&S on the 4hr. Target is $5.06-$5.50 area which is a longterm support line.