My most recent trade involved an altcoin forming an inverse head and shoulders pattern. I marked the neckline and waited for a breakout. When the candle closed above the neckline with strong volume, I entered long. Price pulled back once to retest the neckline, then continued upward. I scaled out gradually, locking profits as it climbed. Classic patterns like this still work in crypto — but only when paired with confirmation. The key to this trade was timing and waiting for the right candle. Many traders jump early and get stopped out. Patience made the difference here. This trade reminded me how powerful basic chart patterns can be when used properly.
