Double top.
Assuming it’s a double top, if we don’t see a strong breakout with high volume above $71
We can expect a drop to at least $45
A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp
Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next bull run.
With a 52% increase within the week and a 80% increase within the month
Anything above $71 could trigger another push
However on the daily we are currently overbought.
Good luck and have fun with it!
We can expect a drop to at least $45
A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp
Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next bull run.
With a 52% increase within the week and a 80% increase within the month
Anything above $71 could trigger another push
However on the daily we are currently overbought.
Good luck and have fun with it!
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