Nice simple idea here, a perfect double top formation. Price has already met and rejected the previous top at least for the moment, with that top also representing the ATH. Due to the sharp run up we see a relative absence of support until the 51.7k area.
In my opinion this set up gives an advantageous risk/reward for a short position, with a short term price target of 52k.
In my opinion this set up gives an advantageous risk/reward for a short position, with a short term price target of 52k.
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