FET/USDT Breaks Out of Descending Channel and Forms Inverse HNS!Yello Paradisers! 🚨 Are you ready to catch the next big move in FETUSDT? Here's what you need to know right now:
💎FETUSDT has broken out of a descending channel and formed an inverse head and shoulders pattern, significantly increasing the probability of a reversal from this point.
💎If FET breaks above the resistance zone, it will validate the inverse head and shoulders pattern. We can then expect a bullish move.
💎In case of a pullback, we can expect a bounce from the bullish order block (OB) level. However, we need an I-CHoCH (Internal Change of Character) on lower time frames for confirmation.
💎If the price breaks down and closes a candle below the right shoulder and the bullish OB level, it will invalidate our pattern and the entire idea. In this case, it’s better to ignore the setup and wait for a more reliable price action to form.
Stay disciplined and patient, Paradisers. Remember, consistency and waiting for the highest probability trading opportunities are key to long-term success. 🎖
MyCryptoParadise
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