📉 Head & Shoulders Pattern — Buy or Sell Here?
👀 Check out this Head & Shoulders pattern in the chart above! It has two smaller peaks (the shoulders) on each side of a taller peak (the head). This setup often means the uptrend might be running out of steam, signaling a possible downward flip. In simple terms: the buyers are getting tired and sellers might take over soon. 🔄 Retest: After the price broke down through the neckline (support line under the shoulders), it sometimes comes back up to test that line. This retest is like double-checking if that old support is now acting as resistance. Traders watch it closely: if the price can’t climb back above the line, many see it as confirmation that sellers are in charge. 📉 Many traders expect a drop after a confirmed Head & Shoulders – it’s often seen as a signal to sell. But remember, no pattern is 100% guaranteed. What do you think will happen next – Buy or Sell? Drop your answer below! 👇 #CryptoLearning #cryptouniverseofficial
