ð Paradisers, #SILLY has broken out of a trendline and formed an inverse head and shoulders pattern, which increases the likelihood of a bullish move.
ðIf #SILLYUSDT breaks above the resistance zone or neckline area, it will confirm the inverse head and shoulders pattern, potentially signaling a bullish reversal.
ðHowever, in the event of a breakdown below the demand level, it may be considered a bearish scenario. Nonetheless, it might be wise to wait for better price action to develop before making any decisions.
ðIf you're new to technical analysis and feeling confused, don't hesitate to DM or comment below. I'm here to help you navigate through it.
ðIf #SILLYUSDT breaks above the resistance zone or neckline area, it will confirm the inverse head and shoulders pattern, potentially signaling a bullish reversal.
ðHowever, in the event of a breakdown below the demand level, it may be considered a bearish scenario. Nonetheless, it might be wise to wait for better price action to develop before making any decisions.
ðIf you're new to technical analysis and feeling confused, don't hesitate to DM or comment below. I'm here to help you navigate through it.
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