FIL has experienced an interesting market movement today. Those who positioned long in the morning have already taken profits, but from the chart, after a continuous rise, the price has encountered resistance at the previous high. This is a classic double top pattern—two attempts to push higher at roughly the same level, but the second attempt failed to break through. More importantly, the 1-hour chart has started to turn around, and the bullish momentum is clearly weakening. According to technical analysis, at least one retest of the support level is needed for confirmation. The short-term signals for a decline are quite obvious, and we should wait for this wave of correction to fully play out before considering the next move.
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ContractTearjerker
· 49m ago
Will the double top break or not? If it doesn't break, that's the end.
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GateUser-44b1dc95
· 8h ago
This is 😂😂😂😂, who teams up to do swing trading.
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ChainSpy
· 10h ago
The double top resistance is so obvious, it should have been bearish long ago.
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DeFiGrayling
· 10h ago
The double top was so obvious that it should have been sold long ago. Entering now is purely a panic buying mentality.
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GasFeeAssassin
· 10h ago
The double top resistance is really obvious, and the topping signal is quite strong.
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GasWaster
· 10h ago
The double top has dropped, those who ate meat this morning should probably run now.
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memecoin_therapy
· 10h ago
The double top resistance is so obvious that it should have been bearish already, but we still need to wait for a full correction.
FIL has experienced an interesting market movement today. Those who positioned long in the morning have already taken profits, but from the chart, after a continuous rise, the price has encountered resistance at the previous high. This is a classic double top pattern—two attempts to push higher at roughly the same level, but the second attempt failed to break through. More importantly, the 1-hour chart has started to turn around, and the bullish momentum is clearly weakening. According to technical analysis, at least one retest of the support level is needed for confirmation. The short-term signals for a decline are quite obvious, and we should wait for this wave of correction to fully play out before considering the next move.