Alright, $DOT just handed us a textbook double top on the daily chart and I'm calling it loud: price target $0.7120.
Here's the setup:
🔴 Two clean highs printed
🔴 Neckline sitting at $1.01
🔴 Daily RSI at 37 — neutral zone, no oversold bounce yet
🔴 We're 73% off the yearly high
This is a classic distribution pattern. Two attempts to break higher, both rejected. Now if we lose that neckline at $1.01, gravity takes over and we're heading straight for $0.7120.
The trade:
Short below $1.01
Target: $0.7120
Invalidation: Back above $1.01
This is part of my $100K to $1M challenge, so I'm taking it seriously. Risk is clear, setup is clean, and the chart is screaming downside.
If you're in, watch that neckline. If it holds, we're wrong. If it breaks, we ride it down. No hesitation, no second-guessing. Let's get it.
Here's the setup:
🔴 Two clean highs printed
🔴 Neckline sitting at $1.01
🔴 Daily RSI at 37 — neutral zone, no oversold bounce yet
🔴 We're 73% off the yearly high
This is a classic distribution pattern. Two attempts to break higher, both rejected. Now if we lose that neckline at $1.01, gravity takes over and we're heading straight for $0.7120.
The trade:
Short below $1.01
Target: $0.7120
Invalidation: Back above $1.01
This is part of my $100K to $1M challenge, so I'm taking it seriously. Risk is clear, setup is clean, and the chart is screaming downside.
If you're in, watch that neckline. If it holds, we're wrong. If it breaks, we ride it down. No hesitation, no second-guessing. Let's get it.