$SILJ has hit its target after breaking out from the inverse head and shoulders pattern—classic stuff for traders. Here's where things get interesting: the move is getting stretched, so we're probably looking at a natural pause zone where early buyers might take stock of their position.
But here's the kicker. Last week closed with a bullish continuation candle. Yeah, despite the extended run-up, the buying pressure stuck around. That's the kind of follow-through that keeps momentum alive. Not the cleanest setup anymore, but the technical signals aren't screaming reversal just yet. Worth watching how this consolidates.
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AirdropLicker
· 6h ago
Reverse head and shoulders breakout to the target? I've seen it coming long ago, just worried retail investors will buy in.
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BlockchainBard
· 6h ago
Still hyping after breaking the level? I feel like this increase is a bit fake.
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HalfPositionRunner
· 6h ago
Still buying at high levels, this is what it means to be a daring gambler.
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governance_lurker
· 6h ago
Such a sharp surge, aren't you afraid of a market crash?
$SILJ has hit its target after breaking out from the inverse head and shoulders pattern—classic stuff for traders. Here's where things get interesting: the move is getting stretched, so we're probably looking at a natural pause zone where early buyers might take stock of their position.
But here's the kicker. Last week closed with a bullish continuation candle. Yeah, despite the extended run-up, the buying pressure stuck around. That's the kind of follow-through that keeps momentum alive. Not the cleanest setup anymore, but the technical signals aren't screaming reversal just yet. Worth watching how this consolidates.