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IOTA Bearish Head and Shoulders pattern

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IOTA / TetherUS PERPETUAL CONTRACT (BINANCE:IOTAUSDT.P)  
TradewithLu  
BINANCE:IOTAUSDT.P   IOTA / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns
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trendanalysis chartpattern
A Conservative target for this short would be around $0.85.

The risk:reward ratio is 2:1 which is solid but the stop loss is 18% away, so its probably only a good idea to use a maximum of 25% of your total capital on this trade to cap your loss at around 5%.

Let me know your thoughts!
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