POPCAT double top at resistance — short the reversal!
🔴 $POPCAT - SHORT
Trade Plan: Current Price: ~$0.04858
Entry Zone: 0.0475 - 0.0498
SL: 0.0520
TP1: 0.0450
TP2: 0.0415
TP3: 0.0380
POPCAT has printed a textbook double top with the second peak showing clear volume exhaustion and bearish engulfing. Our Entry Zone box sits right at the neckline retest where trapped longs from the first top are likely to exit. The chart displays declining volume on the rally into resistance and visible momentum divergence. The solid red SL line is placed above the double top high at 0.0520, while the green TP lines target the measured move down plus next liquidity pools at 0.0415–0.0380. The large glowing red downward arrow highlights the high-probability reversal path.
Are you shorting the neckline break or waiting for the retest confirmation?
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DYOR & manage risk!
