MFT/USDT (Bearish Double Top?)

BINANCE:MFTUSDT   Mainframe / TetherUS

-Mainframe just painted a Bearish Double Top reversal
-Not looking good as the upward trendline support is breaking down
-Take note as well of the RSI divergence, it is a sign of weakness
-If this breakdown is confirmed, the downside target is 0.618 Fib levels
-I recommend to look for position entry or bounce play setup
-Provided there is a bullish reaction in .618 Fib region
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great setup, thank you for sharing.
+1 Reply
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