NFP/USDT has established a solid bottom, with the price consistently respecting the dynamic trendline, signaling strong support. This structure suggests the potential formation of an Inverse Head and Shoulders (ISHS) pattern, a classic bullish reversal setup.
The neckline, which serves as the immediate supply area, is a critical zone to monitor for a breakout. A successful breach of this level could confirm the setup, paving the way for further upward momentum.
The final target for this bullish structure is clearly marked on the chart, aligning with a key resistance level, offering a favorable risk-to-reward opportunity for traders. Do let us know what you think about this setup.