📉 NKN/USDT – Double Top Breakdown (4H Chart)
The chart shows a Double Top pattern, a bearish reversal setup, with price breaking below the neckline.
📌 Pattern: Double Top (Confirmed)
🕒 Timeframe: 4H
📉 Entry: ~$0.0345 (confirmed breakdown retest)
🛑 Stoploss: $0.0359 (above breakdown candle)
🎯 Target: $0.0255 (measured move = height from top to neckline)
📊 Risk/Reward ≈ 1:5+
✅ Statistical success rate (MyBotData): ~72% for downward breakout
⚠️ Bear bias valid as long as price stays below neckline and moving averages
🔎 Volume increase during breakdown supports conviction.
Watch the retest for a clean short setup.
