In this case, the resistance level is around the same price level for both tops, which suggests that the buyers are struggling to push the price higher. This pattern is often seen as a warning sign that a reversal in trend is likely to occur, and traders may start looking for short-selling opportunities.
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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.