What do you think about this wave of market movement? From the 24th to the 29th, there was continuous upward pressure, and the gains were quite significant. However, on the 29th, the price peaked, and the daily chart closed with a bearish candle, indicating that the upward momentum is waning. In the past two days, there have been several rebounds, but the price has failed to break through previous highs, giving a somewhat weak feeling. More importantly, the 4-hour chart clearly shows a double top pattern, with the second peak formed not long ago, and the price has already turned downward. From a technical perspective, this reversal signal is quite clear, and a short opportunity is imminent. It’s worth paying close attention.
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SnapshotDayLaborer
· 8h ago
The double top crashes down, the bears take the hit. We still need to see if the 29th can hold this wave.
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AirdropHunterWang
· 9h ago
Once the double top forms, I’ll run. If it rebounds again this time, I’ll be laughing.
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Blockchainiac
· 9h ago
The double top has fallen, I saw it coming a long time ago. As soon as the bearish candle appeared on the 29th, I knew it was hanging in the balance.
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ProbablyNothing
· 9h ago
The double top is so obvious, it looks like I need to be prepared to cut losses.
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GateUser-a5fa8bd0
· 9h ago
The double top is so obvious; you should have acted earlier. Now you're only talking about a shorting opportunity—you're a bit slow on the uptake.
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BanklessAtHeart
· 9h ago
The double top has formed a peak. This time, the short opportunity is indeed in front of us, but it depends on whether it can truly break below the support level.
What do you think about this wave of market movement? From the 24th to the 29th, there was continuous upward pressure, and the gains were quite significant. However, on the 29th, the price peaked, and the daily chart closed with a bearish candle, indicating that the upward momentum is waning. In the past two days, there have been several rebounds, but the price has failed to break through previous highs, giving a somewhat weak feeling. More importantly, the 4-hour chart clearly shows a double top pattern, with the second peak formed not long ago, and the price has already turned downward. From a technical perspective, this reversal signal is quite clear, and a short opportunity is imminent. It’s worth paying close attention.