BROCCOLI714 has experienced a nearly 40% rapid decline, and the technical indicators show clear positive signals. Looking at the 1-hour chart, the price has formed a double bottom pattern at the lows—two close lows appearing sequentially, with the second low not breaking further, which is a typical bottoming pattern in technical analysis.
Most interestingly, as the pattern is confirmed, the price has already begun to rebound upward. Buying pressure is gradually entering, and volume is cooperating mildly. The overall momentum indicates that the downward force is gradually weakening. Based on historical experience, the double bottom pattern often signals the end of a phase of decline and is an important sign that the bulls are starting to mount a counterattack.
Currently, the price is approaching the neckline, a key resistance level. If a volume breakout occurs later, the rebound space could further open up. For short-term traders, this phase can be an opportunity to buy on dips near the support zone. Risk control suggestions include setting stops below the second bottom.
Market volatility is intense, so decision-making should be cautious, and risk management must be well implemented.
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OldLeekConfession
· 01-11 10:20
Even if the double bottom is broken, do I still have to enter? I don't believe you at all.
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ChainSherlockGirl
· 01-11 08:39
According to my analysis, after a 40% decline, it started to look like a double bottom. This rhythm... hmm, could it be that the big players are accumulating? The trading volume is somewhat moderate, and I have a feeling there's more to the story below. To be continued.
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SolidityNewbie
· 01-10 03:20
Double bottoms are indeed interesting, but I still prefer to wait for a breakout above the neckline before entering. Don't be fooled by the rebound.
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DegenTherapist
· 01-08 16:56
Double bottoms are indeed interesting, but I've seen many times where these "obvious signals" end up being false breakouts... The key is whether it can truly break the neckline.
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SigmaValidator
· 01-08 16:56
The double bottom has been broken how many times already. Can it break through the neckline this time? Let's wait and see before saying anything.
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YieldFarmRefugee
· 01-08 16:56
Double bottoms are indeed interesting, but I still prefer to wait for a volume breakout before acting. It's easy to get trapped if I go in now.
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FlashLoanPhantom
· 01-08 16:56
The double bottom is indeed beautiful, but can this rebound hold above the neckline? Historical experience is unreliable.
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On-ChainDiver
· 01-08 16:45
The double bottom indeed looks good, but can this thing really break through? It feels like every time I hear this, the result is always...
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AirdropHustler
· 01-08 16:35
The double bottom has indeed formed, but I still want to wait and see. A 40% drop is so steep that the rebound could also be a trap.
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Rekt_Recovery
· 01-08 16:34
double bottom copium hits different when you've been liquidated three times tbh... seen this play out, seen it fail worse. just gonna watch the volume on this one ngl
BROCCOLI714 has experienced a nearly 40% rapid decline, and the technical indicators show clear positive signals. Looking at the 1-hour chart, the price has formed a double bottom pattern at the lows—two close lows appearing sequentially, with the second low not breaking further, which is a typical bottoming pattern in technical analysis.
Most interestingly, as the pattern is confirmed, the price has already begun to rebound upward. Buying pressure is gradually entering, and volume is cooperating mildly. The overall momentum indicates that the downward force is gradually weakening. Based on historical experience, the double bottom pattern often signals the end of a phase of decline and is an important sign that the bulls are starting to mount a counterattack.
Currently, the price is approaching the neckline, a key resistance level. If a volume breakout occurs later, the rebound space could further open up. For short-term traders, this phase can be an opportunity to buy on dips near the support zone. Risk control suggestions include setting stops below the second bottom.
Market volatility is intense, so decision-making should be cautious, and risk management must be well implemented.