$SOL "Is it a breakout or a fakeout? Yes."
guys!!! we focus purely on the "Double Top" pattern and structural levels:
Resistance Zone: The price has hit a clear ceiling at 92.26. This is the "Second Top." The fact that the current candle is struggling to close above the previous high suggests a lack of buying pressure to break out.
Support/Neckline: The critical floor is at 89.50. This is the valley between the two tops.
Market Structure: We are seeing a "failed breakout" attempt. For the Double Top to be valid, the price must reverse from here and break the 89.50 support. If it holds above 91.00, the pattern may evolve into a sideways consolidation instead
Trade Type: Short (Sell)
Strategy: Bearish Reversal (Double Top)
Entry: 91.60 – 92.10 (Current area, as close to the peak as possible).
Take Profit: 89.60 (Aggressive/Scalp) | 85.50 (Full pattern completion).
Stop Loss: 93.10 (Placed above the recent high to protect against a breakout).
Note: If the price closes a 1-hour candle above 92.50, cancel the sell bias; the trend has likely shifted back to bullish.