DOT Sparks Potential Bullish Reversal with Inverse H & S

Mar 23

💎 #DOT is currently demonstrating a bullish market structure, notably forming an inverse head and shoulders pattern. This pattern typically signifies a potential bullish reversal.

💎If #DOTUSDT manages to break above the high , it would confirm the breakout and could lead to further upward movement, with potential targets being the next resistance levels.

💎In the event of a pullback, traders may anticipate a bounce from the bullish order block (OB) level, providing support to the bullish bias.

💎However, if the price breaks below the bullish OB level, it would invalidate the pattern and increase the probability of a bearish trend. In such a scenario, it is advisable to exercise caution and wait for clearer price action signals before making trading decisions.