2026-01-08 11:21:51

Recently, while watching the market, I noticed an interesting phenomenon. The price has tested a support level twice—rebound, pullback, then rebound again. This pattern looks like a double bottom. I’d like to ask everyone to help analyze whether this is truly a double bottom formation. If it is, what does it usually signify? Is it a reversal signal or just a short-term consolidation? Share your thoughts.

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LayerZeroJunkie

· 01-11 03:20

Double bottom pattern, to be honest, it doesn't necessarily look like one. It depends on whether the trading volume is supporting it.

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TopEscapeArtist

· 01-11 02:06

Oops, another double bottom. The last time I tried to catch the bottom here, I thought the same, but it broke through. It looks like a double bottom, but for it to be truly effective, it needs to be combined with volume and sentiment indicators; otherwise, it's just a false alarm. Testing the support level twice doesn't mean it's stable; the key is whether MACD and RSI are aligned. I think it also depends on whether the next pullback can hold. Now I remain skeptical of all bottoming patterns, after being trapped so many times. Have you set your stop-loss properly? That's the real key.

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Blockchainiac