📉 Technical Setup: SKY/USDT (30m Timeframe)
A Double Top Pattern breakdown is currently forming on the 30-minute chart for SKY/USDT.
Key Technical Highlights:
• Pattern Type: Double Top
• Prior Rally (Pole): +2.0%
• Resistance Level (Top 1 & 2): 0.0590 USDT
• Neckline Support: 0.0573 USDT
• Current Status: Breakdown Forming below Neckline
Price encountered strong resistance at $0.0590 on two separate attempts before turning lower. The asset has now pushed sharply below the $0.0573 neckline, supported by a significant spike in sell volume. A confirmed 30m candle close below the neckline signals potential downward continuation.
Are you expecting further downside or a short-term retest of the broken neckline?
DYOR
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