Safori

Inverse H&S Set Up for $9800 Restest

Long
POLONIEX:BTCUSDT   Bitcoin / Tether USD
The falling wedge is resolving itself into an inverse H&S pattern. A break of the current neckline sets us up for another stop hunt that could force price action up in a series of big spikes and contracted consolidations. Stops should remain at 9k, and expect an extended period of chop in the 9.6-10k range before continuation.
Trade closed: stop reached

Comments

agreed
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