2026-01-11 15:28:49

PUMP, after breaking out of the descending wedge pattern, shows an inverse head and shoulders (reversal) pattern on the 4-hour timeframe. This key technical signal indicates that the bearish pressure has eased, and the bulls are gaining strength. The establishment of a bottom pattern often signals the start of a short-term rebound. Traders should closely monitor the neckline level; once a confirmed breakout occurs, it will validate the reversal signal. The current trend is worth paying close attention to.

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DefiPlaybook

· 9h ago

Inverse Head and Shoulders? Honestly, I've memorized this pattern so much, but the number of times I've been trampled is even higher [dog head]. Once the neckline is broken, you have to rush. The question is—will this be another false breakout to trigger stop-loss hunts, the old trick? What do on-chain data say? Is TVL rising or just running around? That's what I care about. How far this rebound can go depends on whether big players continue to add positions; otherwise, it's just a rebound kill. Don't be fooled by technicals.

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MidnightSnapHunter