Friends, there is something I have been observing more and more in the market lately — the crypto market is currently moving like a correlation wonder, and similar technical formations are starting to appear in most coins. The head and shoulders formation you’ve been hearing about lately is becoming particularly important right now. Especially at the end of downtrends, this pattern is a strong indicator that the market could change direction. The head and shoulders formation is actually an abbreviation for Head and Shoulders Bottom, and believe me, it’s a formation that is quite popular among investors. Since the probability of it occurring is fairly high, it is taken seriously by technical analysts. The pattern consists of three main parts — the left shoulder, the head, and the right shoulder. First, the price drops and makes a low, then it recovers a bit. After that, a deeper low forms, which is called the head, and then the price starts rising again. In the final stage, the right shoulder forms — the price drops again, but this time not as deep as the head. The most critical point for completing the head and shoulders formation is the break of the neckline. When this level is broken, it strongly signals that the upward trend will continue. Right now, closely monitoring these formations in the market is really valuable because many cryptocurrencies are showing similar movements. If you find my posts helpful, I would be very happy if you like and follow.

【$ETH Signal】Short squeeze pullback, long positions sniper $ETH The 1H MACD histogram first turns negative above the zero line, and the price pulls back to test the EMA20 moving average. The 4H level shows extremely thick buy volume, with over 100 ETH worth of order walls below 2235, fully exposing the capital support intent. 🎯Direction: Long ⚡Entry/Order: 2218 - 2225 🛑Stop Loss: 2198 🚀Target 1: 2280 🚀Target 2: 2325 🛡️Trade Management: - Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect principal. The 1H RSI has fallen from the high of 70 to 63, indicating a healthy correction. Position size remains stable, with no signs of large-scale long liquidation. The middle band of the 4H Bollinger Bands and the 1H EMA50 form resonance support around 2170, indicating a solid structure. The current risk-reward ratio exceeds 3, making the odds favorable. This first pullback after a rally is often the most efficient second entry point. View real-time market 👇 $ETH --- Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#Gate广场四月发帖挑战 #加密市场回升 #黄金白银走高