We called this sweet inverse H&S set up in advance and jumped in early around the neckline.
Now we're chilling in profit as it bounced up perfectly from support, just as we anticipated.
But it isn't over yet! We’ve identified key daily resistance around 3.5 that needs clearing for lift-off. 🚀
If we can push past and CLOSE convincingly above it, that solidifies our bias for this run to continue towards $4.30.
At that point, we'd look to lock in some gains, then rebuy the retest of 3.5-turned-support to maximise profits. 💡
However, if we see it struggling on multiple attempts to break 3.5 despite our projections, that's a warning sign bullish momentum is fading. 🚨
We'd secure profits entirely rather than risk retracement.
For now, we are hyped up - just waiting to see how this pivotal daily candle closes to read the market reaction.
Stay tuned for more updates!
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