PSGUSDT Pair Chart - A potential inverted head and shoulders pattern

Here's the ( $PSG / USDT ) breakdown:

Left Shoulder: Formed around September 28th, with a peak around 3.7.

Head: A lower low formed around October 4th, with a low near 2.4.

Right Shoulder: Forming currently, with a potential peak around 3.5. Notice the increasing volume on the right shoulder, which adds credibility to the pattern.

( $PSG / USDT ) Support and Resistance:

Neckline Resistance: The neckline of the pattern is drawn by connecting the highs of the left shoulder and the right shoulder. It currently sits around 3.6-3.7.

Support: The most recent significant support was around 2.4 (the head's low).

Important Note -

A breakout above the neckline (around 3.6-3.7) with strong volume would confirm the pattern and signal a potential bullish reversal.

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