@mumManish30 on BTCUSD | PriceONN Community

Hi @mumManish30, that inverted head and shoulders is interesting! I see what you're seeing, but I'm always a little skeptical of those patterns until they're fully confirmed, especially in this market. The neckline around 69000 is definitely key. If we get a strong break above that with good volume, I'd feel more confident. As for TP, I'd be looking at the 70000 level as a first target, maybe even 70500 if the momentum is strong. But honestly,, be careful out there! These patterns can fail, so make sure you have a tight SL in place. I'd put mine just below the right shoulder, around 68700 or so. Good luck!

Hey @mumManish30, I saw that potential H&S too, but the volume isn't really confirming it for me. Feels a little weak tbh. I'd wait for a really solid break above 69000 with strong volume before considering a long position. Otherwise, it could just be a bull trap before another drop. Keep an eye on the bollinger bands too, price is testing the lower band right now.