LOOM lil H&S + big Inverse H&S = Uncertainty!!!
Sorry for the messy chart, but I found this interesting. We seem to have a large inverse head & shoulders pattern playing out, which may indicate a trend reversal-- but it could be invalidated, and there's a potential head & shoulders forming on the smaller TF... but this could still be invalidated or play out but only on a smaller scale as well...
A month or so ago, Binance's LOOM staking rewards seemed appealing to me, but truthfully I regret entering this trade while this coin is still moving in the macro downtrend... Exiting now to mitigate losses may be prudent, but I'm trying not to over-trade, and ya never know! If BTC gets rejected at 1200, perhaps I could still make a profit here. Definitely moving up my SL in case it goes the other way...
Good luck out there
CD
A month or so ago, Binance's LOOM staking rewards seemed appealing to me, but truthfully I regret entering this trade while this coin is still moving in the macro downtrend... Exiting now to mitigate losses may be prudent, but I'm trying not to over-trade, and ya never know! If BTC gets rejected at 1200, perhaps I could still make a profit here. Definitely moving up my SL in case it goes the other way...
Good luck out there
CD
Comment:
Took a while, but that Inverse H&S really did play out, huh!!