$DOT , the dot daily level has formed a head and shoulders pattern and has already completed the breakout.

1. The neckline is now a valid resistance and has undergone a second test. Any resistance and support that has been tested is the most reliable and also presents a good reversal pattern.

2. From a price action perspective, it has shown a breakout, pullback, and then breakout trend. The number 'two' is particularly significant in trading as it represents the market's consensus on a certain price.

Strategy: Short

Take Profit: Take a one-to-one distance from the top of the head and shoulders pattern to the neckline.

Stop Loss: If it breaks the neckline and holds, set a market stop loss to exit.