$LINK /USDT chart on Binance possibly on the 1-week (1W) timeframe.

🧠 Pattern Breakdown: Head and Shoulders

This classic pattern typically signals a potential bearish reversal and is made up of:

Left Shoulder: Price rise followed by a decline.

Head: Higher peak followed by another decline.

Right Shoulder: A lower high (below the head) followed by a drop.

🔍 Based on your input:

"Left Shoulder" around $20–$36

"Head" around $54

"Right Shoulder" forming now (likely near $36–$42)

Neckline would be near the $18–$20 zone

If this is a true weekly Head and Shoulders pattern, and the neckline breaks, the measured move target could be:

Target ≈ Neckline - (Head - Neckline) ≈ 20 - (54 - 20) ≈ 20 - 34 = -14 (invalid, implies strong drop below neckline)

Realistically, this suggests a potential return to the $10–$15 region if the pattern completes and confirms with a breakdown on high volume.

⚠️ Strategy Consideration:

If holding LINK: Watch neckline area closely (set stop-loss below).

If shorting: Entry would be on neckline breakdown confirmation, with stops above the right shoulder (~$42).

Invalidation: If price closes and sustains above the "head" level ($54) — pattern is invalid.

Would you like a trade setup for LINK/USDT based on this pattern (intraday or swing)? Or want me to generate a chart to visualize it?

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