The recent market trend of CC has been quite tangled. Looking at the candlestick chart, you can feel it — multiple attempts to break through the upper resistance have failed, forming a double top pattern. A closer look at this structure shows that the selling pressure at the resistance level is indeed strong, while the support below appears somewhat weak. What does this situation imply? The bullish momentum is waning, and the bears are gradually gaining the upper hand.

Currently, CC is at the price of 0.1122. Instead of continuing to hesitate here, it’s better to take advantage of this downward trend that is still brewing and go for a short position directly. After all, the technical setup is clear, and there’s no need to overthink. Enter a market order to short and let the trend speak for itself.