Inverse Head and Shoulders Pattern Confirms Bullish Trend 💥
📊 Trade Setup:
Coin Name: FIL/USDT
Trade Type: 📈 Long
1️⃣ Bullish Formation:
FIL/USDT has formed an inverse head and shoulders pattern, a classic bullish chart pattern indicating a potential upward breakout. The recent successful retest of the neckline further solidifies this bullish setup, signaling that FIL is ready to surge.
2️⃣ BTC Dominance Context:
Bitcoin dominance (BTC.D) is showing a bearish head and shoulders pattern, suggesting a pullback in BTC dominance. Historically, a bearish BTC dominance correlates with altcoin strength, creating an ideal environment for altcoins like FIL to thrive.
3️⃣ Perspective:
While BTC dominance signals bearishness, the broader altcoin market, including FIL, is gaining momentum. This divergence presents an excellent opportunity for long trades in FIL/USDT.
Entry : 6.327 (JOIN MY LIVE STREAM FOR FREE SIGNAL )
1st TP : 6.626
2nd TP : 6.798
3rd TP : 6.925
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