🔹 Double Top Pattern: In the 30-minute timeframe, a clear double top reversal pattern is forming, indicating a potential trend reversal from bullish to bearish.
🔹 Short Position: A short position is activated when the price breaks below $85,070. The price is expected to drop towards $80,600.
🔹 Price Target: The price target based on the distance between the peaks and the neckline is around $80,600.
🔹 Short Position: A short position is activated when the price breaks below $85,070. The price is expected to drop towards $80,600.
🔹 Price Target: The price target based on the distance between the peaks and the neckline is around $80,600.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.