$AZTEC (5M) — Head & Shoulders Breakdown Risk
On the 5-minute timeframe, AZTEC is clearly forming a Head and Shoulders pattern — a classic bearish reversal structure that often appears after an impulsive move up.
From the chart:
The Left Shoulder formed after the initial breakout rally.
Price then pushed to a higher high, creating the Head near the $0.024–0.025 zone.
A lower high followed, shaping the Right Shoulder.
The neckline is slightly ascending, sitting around the $0.020–0.0205 area.
Currently, price is hovering just above the neckline around $0.0208, with clear rejection from the right shoulder zone. The recent sharp red candle shows increasing selling pressure.
Bearish Signals on the Chart
Trendline rejection at the right shoulder.
Lower high formation, confirming weakening bullish momentum.
RSI on the 5M timeframe has rolled over and is sitting below mid-range, suggesting momentum is fading.
Increasing volatility following the spike — typical before a breakdown or liquidity sweep.
If the neckline breaks decisively with volume, the projected downside target sits around $0.0172, which aligns with the measured move from the head to the neckline.
Key Levels to Watch
Neckline support: ~$0.0200
Breakdown target: ~$0.0172
Invalidation: Strong reclaim above the right shoulder (~$0.022+)
Important Context
This is a very short-term (5M) structure. Lower timeframes are highly volatile and prone to fakeouts. A quick breakdown could happen — but so could a liquidity grab before continuation.
In simple terms:
AZTEC is showing a textbook bearish pattern. If the neckline breaks, downside acceleration is likely. If it holds and price reclaims the shoulder zone, the pattern fails.
⚠️ This coin is clearly volatile. Manage risk carefully and confirm structure before entering any trade.
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