MUUSDT may look like a completed head-and-shoulders top.



But the neckline has not broken yet.

The left shoulder, head, and right shoulder are all forming near the highs, with the head clearly above both shoulders.

The key neckline sits around 829–850.

At this stage, the structure is only a potential bearish reversal pattern.

For confirmation, I would need to see:

• A clear daily close below 829–850
• Expanding volume during the breakdown
• A failed retest of the neckline
• A new sequence of Lower Highs and Lower Lows

Without those conditions, the pattern remains incomplete.

The bearish setup would weaken if price reclaims 911.

A break above the 968–1,048 resistance zone, or above the right-shoulder high, would further invalidate the structure.

A head-and-shoulders pattern is not confirmed when the chart looks convincing.

It is confirmed when support breaks, the retest fails, and sellers maintain control.

#MUUSDT #PriceAction #TechnicalAnalysis
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned