THE DOUBLE TOP IS ALMOST CONFIRMED.
$BANK
has pumped 9.21% to $0.3215. This coin was up over 100% just a few days ago, and now it is trying to rally again. But there is a big problem. The price is now forming a classic double top pattern on the daily chart. The first top was at $0.3300, and now the price is attempting to test that level again. If it fails to break above $0.3300, the double top will be confirmed, and the downside target would be a retest of $0.2000. That is a 38% drop. The RSI is at 73, which is overbought. The volume is significantly lower than it was during the first pump, which means there is less conviction behind this move. The order book is also showing a massive sell wall at $0.3300. I am observing that the probability of a rejection at this level is very high. What is your take on BANK right now?
$BANK
has pumped 9.21% to $0.3215. This coin was up over 100% just a few days ago, and now it is trying to rally again. But there is a big problem. The price is now forming a classic double top pattern on the daily chart. The first top was at $0.3300, and now the price is attempting to test that level again. If it fails to break above $0.3300, the double top will be confirmed, and the downside target would be a retest of $0.2000. That is a 38% drop. The RSI is at 73, which is overbought. The volume is significantly lower than it was during the first pump, which means there is less conviction behind this move. The order book is also showing a massive sell wall at $0.3300. I am observing that the probability of a rejection at this level is very high. What is your take on BANK right now?