DOT Sparks Potential Bullish Reversal with Inverse H & S
💎 #DOT is currently demonstrating a bullish market structure, notably forming an inverse head and shoulders pattern. This pattern typically signifies a potential bullish reversal.
💎If #DOTUSDT manages to break above the high , it would confirm the breakout and could lead to further upward movement, with potential targets being the next resistance levels.
💎In the event of a pullback, traders may anticipate a bounce from the bullish order block (OB) level, providing support to the bullish bias.
💎However, if the price breaks below the bullish OB level, it would invalidate the pattern and increase the probability of a bearish trend. In such a scenario, it is advisable to exercise caution and wait for clearer price action signals before making trading decisions.
💎If #DOTUSDT manages to break above the high , it would confirm the breakout and could lead to further upward movement, with potential targets being the next resistance levels.
💎In the event of a pullback, traders may anticipate a bounce from the bullish order block (OB) level, providing support to the bullish bias.
💎However, if the price breaks below the bullish OB level, it would invalidate the pattern and increase the probability of a bearish trend. In such a scenario, it is advisable to exercise caution and wait for clearer price action signals before making trading decisions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.