Shorting stuff like this EXTREMALLY risky, especially when the pump is driven by hype, not by "potential" coming out of technical analysis. I just wanted to share this for "informative" purposes.
The price has reached mid-channel resistance, there's a nice confluence of three FIB levels (1.618 orange / 4.236 blue / 1.618 white), and it looks like it might be a steep double-top forming here. 2$ is also a round number, which for some people could be a psychological barrier.
There's one more thing that could add up to overall confluence, this would be breaking below this local trendline.
The price has reached mid-channel resistance, there's a nice confluence of three FIB levels (1.618 orange / 4.236 blue / 1.618 white), and it looks like it might be a steep double-top forming here. 2$ is also a round number, which for some people could be a psychological barrier.
There's one more thing that could add up to overall confluence, this would be breaking below this local trendline.