ADAUSDT: Head & Shoulder Pattern

ADAUSDT.P is presently in the process of shaping a Head and Shoulders pattern, having effectively completed the Left Shoulder and Head formations. A strategic approach involves considering a long entry at the Take Profit (TP) level aligned with the Right Shoulder, followed by vigilance for a breakout below the neckline to signal a potential short entry.

Trade active:

Long TP Hit, now wait for the break out of the Nick Line for the confirmation of the Short Entry and then take a Short.

Trade closed: target reached:

Close the Short Trade.