BNX/USDT: Shorting on Double Top Formation with Immediate Entry

BNX/USDT has formed a distinct double top pattern, a classic bearish reversal signal. Acting on this setup immediately, we’re shorting with a target reflecting a 1:3 risk/reward ratio. The double top suggests exhaustion of the uptrend and a potential shift to downward momentum. Entry is taken at the current market price, anticipating a move towards the next support level. Monitor closely as the pattern unfolds and adjust stops accordingly to manage risk.

Trade active

Trade closed: stop reached