INS/BTC TA Update (Bearish Pattern Confirmed)

INS/BTC

Bearish Head & Shoulder pattern confirmed after the price closes below neckline support but I never imagine the price could crash over 40% down to 1800 sats.
When the price reaches the strongest support area, it immediately bought up and shoot 22% bounce.
If INS can close above this trend-line support and hold for a couple of days, there is a chance it could push up and retest the 200MA.
Be cautious and do not place bids yet on this coin as the previous candle is a big bearish engulfing bar.