Persistence Token Showing Inverse Head & Shoulders Pattern on 4hr.
#Persistence #xprtusd #xprtbtc #xprtusdt #xprt #tradesetup #tradealert
Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation.
Entry = Price upon candle close on the 4hr.
Stop = Somewhere below neckline. I chose 1.53
Target = 1.97 but taking profits along the way.
Risk/Reward = 3.33
Best to you!
Here's the BTC.D chart showing resistance:
Trade Cancelled: Pattern Invalidated