$APR — Formed a Double Top 🚨

1 • ARP rejected from Major Resistance zone
2 • Its forming double TOP then followed by a Rejection
3 • Bullish Momentum started to fade and bearish candles are forming
4 • A possible retest on $0.031 and then a liquidity sweep at there could possibly push price down towards $0.025
5 • The previous Resistance zone already rejected price twice so we can assume thats a Strong RESISTANCE zone ( $0.0325 - $0.0310 )
6 • We can see a BREAK OF STRUCTURE (BOS) and a Lower Low confirming the change in characteristic of the market BULLISH to BEARISH

Now what to do?

📌 If you re looking for a Short you are in right place. You can wait for retest at $0.031 or enter at current market price if the price is below $0.0325

Then Aim for $0.025 - This is our Final Target, you can take partials at partial ay there or move sl to profit to lock🔒 your profit

🛡️ Invalidation of this setup will be at above the majour resistance zone at $0.0335

And if you are looking for a LONG Here. Don't enter on a long trade now. The coin is showing a huge potential on bearish momentum towards $0.025 you can only enter on a long trade if the price breaks above the majour resistance zone $0.0335 with Great momentum. Untill then no Long trade 🧠

Now tell me what do you think about this ? Will price Start revers and hit $0.025 or price just blast through the majour resistance zone at $0.0335

Always DYOR. Stay Smart 🔥


#APR