๐ฅ $ON USDT PERP โ HEAD & SHOULDERS BREAKDOWN SHORT
๐ป Structure turning bearish across 15M / 1H as a classic Head & Shoulders top forms after rejection from 0.18494.
๐ Key Levels
๐บ Head: 0.18494
๐บ Right Shoulder: ~0.1799
โ ๏ธ Neckline: 0.1730 โ 0.1735
โณ Short trigger only activates after confirmed 15M close below neckline.
โโโโโโโโโโโโโโ
๐ฅ Entry Zone
0.17195 โ 0.17420
๐ Stop Loss
0.18050
๐ฏ Targets
๐ฅ TP1: 0.15860
๐ฅ TP2: 0.15410
๐ Risk : Reward
โ 1 : 1.9+ from neckline entry
โโโโโโโโโโโโโโ
๐ Why this setup matters:
๐ป Weakening momentum on RSI(6)
๐ป Volume fading on right shoulder
๐ป Bearish pattern symmetry confirmed
๐ป Breakdown projection aligns with measured move target
โ ๏ธ Best execution = wait for neckline break โ retest โ rejection.
โ Invalidation:
If price reclaims 0.1805, short thesis fails.
๐จ Aggressive breakout above 0.18494 could flip structure bullish toward 0.1900.
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