📉 Double Top Pattern – Short Trade Setup ($CYS USDT | 1D)

The chart is forming a clear Double Top pattern, which is a classic bearish reversal signal after an uptrend.

🔍 Pattern Breakdown

Price tested the same resistance zone around 0.56 twice

Both attempts were rejected, showing strong selling pressure

The pullback between the two tops forms the neckline

Failure to break resistance indicates buyer exhaustion

📊 Technical Confluence

Second top shows weaker momentum

RSI near overbought, hinting at a possible pullback

Price struggling to hold above key EMAs

Rejection wicks confirm sellers’ presence at the top

🔴 Short Trade Plan (Confirmation-Based)

Entry:

Short after a strong close below the neckline (4H or Daily)

Stop Loss:

Above the second top / resistance zone

Invalidation level: Above 0.56 – 0.57

Targets:

TP1: Nearest support zone

TP2: Major demand area

Risk–Reward: Minimum 1:2

⚠️ Invalidation

A strong breakout and close above 0.56 will invalidate the Double Top

Avoid early entries without confirmation

🧠 Trading Tip

The Double Top works best when:

Resistance is clearly defined

The neckline breaks with volume

You follow strict risk management

📌 Trend reversals don’t happen instantly — wait for confirmation, then execute the short.

$CYS