Watching $EM around 1.20 - potential double top?

Hey everyone,

Been keeping a close eye on $EM this week, and the price action around the 1.20 level is starting to look interesting. We hit 1.20 earlier today, after a previous bounce off that same level a couple of days ago. It's almost looking like a potential double top formation could be setting up on the daily chart, which would be a pretty significant resistance area if it holds.

My thinking is that if $EM fails to break convincingly above 1.20 and we see a rejection, especially on higher volume, it could signal a decent retracement. The risk, of course, is if we get a strong close above 1.20, say on a 4-hour or daily candle. That would invalidate the double top scenario for me, and I'd be looking for continuation towards the next resistance up around 1.22. Just putting it out there to see if anyone else is seeing the same thing or has a different perspective.