🦅⚠️⚠️ "Double-top" pattern, a common technical analysis concept in trading.💥

1. Key Features⤵️

Resistance Zone➡️ The price hits a peak (1st top), retraces, and then retests the same level (2nd top).

Neckline➡️ The support level where the price consolidates after the peaks.

2. Entry Points⤵️

Break and Retest of the Neckline🦅

Look for the price to break the neckline support level.

Wait for the price to retest this level (now acting as resistance). A bearish rejection candle or wick after retest is a good confirmation signal.

Enter a sell position after confirmation of bearish momentum.

3. Confirmation Signals⤵️

Massive Bearish Candle➡️ Indicates strong seller control.

Wick Rejection at Resistance➡️ Signifies failure to break back above.

4. Risk Management⤵️

Place a stop loss slightly above the neckline or the wick of the bearish candle.

Target a move down based on the measured height of the double-top pattern.

🎯This strategy works best when combined with broader market context and other indicators to confirm the trend.

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