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technicalpattern
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$FET DOUBLE TOP PATTERN IN PLAY - BEARISH BREAKDOWN LOOMING ⚡
The same resistance zone has rejected buyers twice, and each rejection has come with declining momentum. Volume is drying up near the highs while the neckline remains the critical trigger for confirmation.
A clean break below the neckline would shift structure bearish and likely accelerate selling toward the next support pool. If bulls reclaim the recent highs, the pattern invalidates and the uptrend retains control. The bias leans short-term bearish until price decisively clears that double top.
Are you watching the neckline for a breakdown or a fakeout?
Not financial advice. Always manage your risk.
#FET #DoubleTop #BearishSetup #CryptoAnalysis #TechnicalPattern
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The same resistance zone has rejected buyers twice, and each rejection has come with declining momentum. Volume is drying up near the highs while the neckline remains the critical trigger for confirmation.
A clean break below the neckline would shift structure bearish and likely accelerate selling toward the next support pool. If bulls reclaim the recent highs, the pattern invalidates and the uptrend retains control. The bias leans short-term bearish until price decisively clears that double top.
Are you watching the neckline for a breakdown or a fakeout?
Not financial advice. Always manage your risk.
#FET #DoubleTop #BearishSetup #CryptoAnalysis #TechnicalPattern
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