2024-12-26T09:13:00+0000
Full explanation๐ . . The Double Bottom ("W" Pattern) is a bullish pattern that signals a potential reversal. Hereโs how it works: 1๏ธโฃ First Bottom: Price drops and hits a support level (demand zone). ๐ 2๏ธโฃ Pullback: Price rebounds but canโt break resistance. ๐ 3๏ธโฃ Second Bottom: Price retests the support, showing strong demand. 4๏ธโฃ Breakout: Price breaks the resistance, confirming a bullish trend. ๐ For both trading and investing this pattern is perfect for spotting reversals in crypto and stock market. ๐ก #Trading #Investing #Crypto #Bitcoin #memecoins
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