2026-01-07 04:21:55

There is an interesting phenomenon on the technical side: this coin just broke through the key resistance level at 0.027, and previously formed a clear double bottom pattern. As a classic reversal pattern, the double bottom often indicates confirmation of the bottom area and the start of an upward trend.

The question is—did it truly break through the 0.027 level? Or was it just a false breakout? From a morphological perspective, being able to effectively hold above this level is indeed a positive signal. Once this resistance is truly absorbed, the next potential target is around 0.035.

From this perspective, the initiative now lies in the hands of the market. If subsequent trading volume can support this move and no significant negative shocks occur, there is room to advance toward 0.035. Of course, the market always carries uncertainties, so it’s essential to keep an eye on trading volume and whether support levels are maintained.

What do you all think? Has this wave of market action sparked your trading interest?

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.

17 Likes

Reward
17
7
Repost
Share

Comment

0/400

LayerZeroEnjoyer

· 01-09 09:27

Double bottom breakdown pattern has been seen too many times, but the key still depends on trading volume. Without volume, everything is just on paper. The probability of a fake-out is quite high; it's not so easy to stabilize at the 0.027 level. 0.035? Don't think too far ahead for now; holding the 0.027 level is the hard truth. This kind of pattern tests psychological resilience the most. If it falls back, there will be panic selling and cutting losses. If the volume picks up, then play along; otherwise, just watch patiently. I think it's better to stay on the sidelines and wait for a confirmed signal before taking action. The double bottom structure is definitely a positive sign, but the market can also be quite ruthless when it moves in the opposite direction.

View OriginalReply0

fren_with_benefits

· 01-08 16:29

Double bottom is something I've seen so much that I'm numb to it. The key is that it must break the level with increased volume to count; otherwise, it's just a trick to lure you in. The possibility of a fake-out is huge, don't be fooled by 0.027. 0.035? Let's first see if it can hold above 0.027, and then talk. Right now, the trading volume can't support it at all. I think this is the main force testing the waters, trying to see if retail investors are willing to buy in. It's basically a gamble on trading volume—no volume means death; only with volume is there hope. Market? I really have no high expectations for this coin's storyline. The trading volume is terrible; no matter how fancy the pattern, it's useless. Let's wait and see. It's much better than rushing in and getting caught, anyway there's plenty of time. Double bottom sounds impressive, but it's actually just repeated testing at the bottom. Who knows when it will truly take off. If the support level drops, then everything becomes meaningless. Now we just wait to see its final performance.

View OriginalReply0

GasFeeCry

· 01-07 04:51

I'm tired of the double bottom breakdown explanation. Every time it's said to have potential, but the result is always a plunge. Let's wait for the trading volume to speak.

View OriginalReply0

CoffeeNFTs

· 01-07 04:39

Double bottom breakdown? I just want to see if it can really stabilize this time. There have been too many false signals before. --- The 0.035 level is a bit far; we still need to look at trading volume to speak. --- Honestly, the probability of a false move is quite high; this market is too deep in its套路. --- If the support level breaks, it will be an immediate reveal. Don’t ask me how I know. --- Without sufficient volume, everything is pointless. The key is whether we can see increased volume confirmation in the next couple of days. --- There is a market, but trading desire must be controlled; it’s easy to cut losses. --- If the double bottom is confirmed, 0.035 can indeed be considered, but the prerequisite is to hold the 0.027 bottom. --- Every time, people talk about potential for growth. How much is that potential worth? --- Waiting for a breakdown to get caught, and this time should be no exception. --- The key is whether big players are involved; technical analysis is just a reference.

View OriginalReply0

FUD_Vaccinated

· 01-07 04:39

The probability of a feint is quite high; if the volume doesn't follow, it's just a trap.

View OriginalReply0

PonziDetector

· 01-07 04:27

It's just another fake-out move. I bet five dollars that it will drop afterward. --- Double bottom? To me, it looks more like a double top, haha. --- A volume that doesn't match the breakout is a false breakout. Wake up. --- 0.035? First, see if it can hold steady above 0.027. --- I've heard this kind of technical analysis too many times, and in the end, the main force just pulls it down. --- There's some triggering, which fuels my desire to short. --- Volume speaks for itself; everything else is just nonsense.

View OriginalReply0

BitcoinDaddy

· 01-07 04:23

Double bottom breakout sounds good, but I still need to see the trading volume to confirm. Fake-outs are all too common. Whether 0.027 can hold is the key; otherwise, it's just a carefully laid trap for bulls. If this wave can really push up to 0.035, I will consider going in with one position, but the prerequisite is strong volume. Wait, is this another routine of "upward breakout—dump—cut the leeks" again? Breakouts with insufficient volume are all nonsense; I choose to wait and see. Double bottom is indeed a good signal, but the market likes to deceive, so caution is never wrong. Honestly, every time I see this kind of analysis, I think of the last ten-bagger... which has now already recovered the initial investment. Let's see if 0.027 can hold before getting too excited, everyone.

View OriginalReply0