#OrderTypes101
🕯 Head and Shoulders Pattern Detected!
The chart shows a classic Head and Shoulders formation on Bitcoin’s 1D timeframe:
Left Shoulder: Price peaks, then pulls back.
Head: A higher peak forms, followed by another pullback.
Right Shoulder: A lower high signals weakening momentum.
Neckline Break (support zone): If price breaks below this zone, it may confirm a bearish reversal. 🔽
⚠️ Potential Target: ~$96,000 or lower if breakdown continues. Stay cautious — volume confirmation and price action will be key
⚠️Liquidity alert - 103.5-103.8k area 👀