1MBABYDOGE should now consider shorting. Friends who called in to go long last night should have already made a profit, but the market rhythm has changed. From the 1-hour K-line, a clear double-top pattern has formed above, with the second top just completed, and the price showing signs of a pullback. I myself have also closed my long contracts at high levels. This double-top pattern appearing on the 1-hour chart is usually a good bearish signal. It seems that shorting now has a better chance than continuing to go long.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
7
Repost
Share
Comment
0/400
AirdropHarvester
· 13h ago
Double tops are indeed quite tough, but I think this rebound isn't over yet.
View OriginalReply0
BlockchainBouncer
· 13h ago
Double tops are indeed beautiful, but this rebound is a bit stronger than expected...
View OriginalReply0
BlockBargainHunter
· 13h ago
Whenever a double top appears, I want to reverse my position. I've seen this pattern many times, but this time it's actually interesting. The feeling of cutting losses is so familiar, haha.
View OriginalReply0
AirdropHarvester
· 13h ago
Thinking of shorting at double top? I think you're trying to harvest the little guys, this trick is the old one.
View OriginalReply0
TrustlessMaximalist
· 13h ago
Double tops are indeed quite strong, but I think it also depends on the strength of the break below support; not all double tops can be broken down easily.
View OriginalReply0
BearMarketBuyer
· 13h ago
Double tops are indeed not something to gamble on blindly; cutting it out is the right move.
View OriginalReply0
QuietlyStaking
· 13h ago
The double top has collapsed, and I was also among the first to rush to exit.
1MBABYDOGE should now consider shorting. Friends who called in to go long last night should have already made a profit, but the market rhythm has changed. From the 1-hour K-line, a clear double-top pattern has formed above, with the second top just completed, and the price showing signs of a pullback. I myself have also closed my long contracts at high levels. This double-top pattern appearing on the 1-hour chart is usually a good bearish signal. It seems that shorting now has a better chance than continuing to go long.