- PUMPUSDT is forming a clear inverse Head & Shoulders pattern on the 12H timeframe, signaling a potential trend reversal after a prolonged downtrend.
- The left shoulder, head, and right shoulder are well-defined, showing improving market structure.
- Price is currently testing the neckline resistance, which also aligns with a descending trendline acting as a key decision zone.
- A confirmed breakout and close above the neckline could trigger strong bullish continuation.
- Volume profile shows relatively thin resistance above the neckline, increasing the probability of a fast upside move if buyers step in.
Cheers
Hexa
- The left shoulder, head, and right shoulder are well-defined, showing improving market structure.
- Price is currently testing the neckline resistance, which also aligns with a descending trendline acting as a key decision zone.
- A confirmed breakout and close above the neckline could trigger strong bullish continuation.
- Volume profile shows relatively thin resistance above the neckline, increasing the probability of a fast upside move if buyers step in.
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.