Watching $X - Potential Double Top or Support Reversal

Been keeping an eye on $X and it's certainly at an interesting juncture. We're currently trading around the 54.84 mark. What's caught my attention is the price action flirting with what appears to be strong resistance around the 54.89 high we saw today, and a similar level from last week. If it rejects this zone again, forming a clear double top, I'd expect to see a move back towards the 54.78 area, potentially even lower.

Conversely, if $X can convincingly break and hold above 54.89 on higher volume, that would invalidate the double top idea for me. It would then suggest the current price is consolidating before a potential move higher. The risk here, as always, is interpreting consolidation as a reversal when it's just building steam for continuation in the existing trend. Always a balancing act with these chart patterns.