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stewdamus
Jun 1, 2022 8:55 PM

XPRT Persistence Token Showing Inverse H&S Pattern FT 1.97 Long

Description

Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation.

Entry = Price upon candle close on the 4hr.
Stop = Somewhere below neckline. I chose 1.53
Target = 1.97 but taking profits along the way.
Risk/Reward = 3.33

Best to you!
Stew

Here's the BTC.D chart showing resistance:

Order cancelled

Pattern invalidated
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