near The weekly chart level has fully confirmed a large inverse head and shoulders reversal pattern.
Technical analysis:
Price has strongly broken through the neckline (the green 3.20 - 3.50 area) with a powerful weekly candle, and has held above it. Breaking this key resistance level confirms the end of the months-long downtrend, opening room for a strong rally.
Spot strategy:
The structure has been fully confirmed now, making it an ideal time to hold and add to spot positions (including potential pullbacks in the 3.20 - 3.50 breakout area).
Targets:
Based on the pattern’s height, the macro target range lies at 7.00 - 9.00+.
An excellent spot setup for medium- to long-term positioning!
Technical analysis:
Price has strongly broken through the neckline (the green 3.20 - 3.50 area) with a powerful weekly candle, and has held above it. Breaking this key resistance level confirms the end of the months-long downtrend, opening room for a strong rally.
Spot strategy:
The structure has been fully confirmed now, making it an ideal time to hold and add to spot positions (including potential pullbacks in the 3.20 - 3.50 breakout area).
Targets:
Based on the pattern’s height, the macro target range lies at 7.00 - 9.00+.
An excellent spot setup for medium- to long-term positioning!
