2026-01-07 04:23:21

PUMP has recently formed a classic chart pattern—the double bottom structure. Recently, this important resistance level was successfully broken, which usually indicates that an upward trend may be about to unfold.

From a technical perspective, such a breakout often triggers a strong rally. Many traders have already seized this opportunity, but if you are still in a short position, you might want to reconsider your strategy. The market can turn at any moment, and opportunities often pass quickly, so it's best not to be left behind.

PUMP8,07%

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.

23 Likes

Reward
23
9
Repost
Share

Comment

0/400

BlockchainFries

· 7h ago

Double bottom breakdown? I saw it coming a long time ago, just waiting for this wave. Feels like it's about to take off.

View OriginalReply0

RektButStillHere

· 12h ago

Double bottom breakdown, and we're using the same trick again? I'm getting tired of it. Every time, it's called a "ferocious increase," but what happens... Forget it, let's see if we can bottom fish.

View OriginalReply0

MentalWealthHarvester

· 15h ago

The double bottom breakdown has been talked about so much; it feels like every time it's this intense, but what happens then? It's okay for the bears to hold on, anyway, they won't lose much haha. PUMP is indeed a bit interesting, but the key is not to get caught in a squeeze. Breaking the level always means a rise? I don't think so... If you ask me, it's better to wait for a retest before taking action. Why rush?

View OriginalReply0

AlwaysMissingTops

· 01-07 04:53

Has the double bottom broken? I should have entered the market earlier. Why am I still on the sidelines?

View OriginalReply0

GasFeeCrybaby

· 01-07 04:47

Double bottom breakout? Here we go again. Last time I heard this, I lost money for two months. Those who only just realized now have probably been cut out.

View OriginalReply0

OnchainHolmes

· 01-07 04:45

Double bottom breakdown? Bro, I've seen this routine too many times. Every time, they say it's going to skyrocket, but then... --- Wait, is this time really different? Let me check the candlestick chart first. --- The bears are still holding on desperately; they deserve to be wiped out. --- Here we go again. Last time was a breakout too, but it fell back. I wonder how high this wave can go. --- If it breaks, just get in directly. Why bother saying so much? --- I've heard too many failed cases about double bottoms. Trust you once, and I lose. --- Getting anxious now. Feels like your copywriting is a bit pushing people to buy in. --- Market fleeting? Then I must have missed thousands of times. LOL

View OriginalReply0

MidnightSeller

· 01-07 04:39

Double bottom breakout, how many times have I said this? Every time, everyone says it's about to take off, but what happened? Let's wait and see. This wave might not be reliable. The bears won't die easily, and I’m not in a rush for the next one or two days anyway. It's another classic pattern and a sharp surge—getting a bit tired of hearing about it. PUMP, who can really get it right? Just luck, I guess. So what if it breaks through? It still depends on whether it can hold steady afterward. Everyone talks about opportunities that vanish in the blink of an eye, but in reality, most people are still missing out. Breaking through resistance levels—should I chase? Pfft, this trick is way too old.

View OriginalReply0

TommyTeacher1

· 01-07 04:39

I've seen the double bottom breakout pattern too many times. Every time, they say it's going to surge violently, but what happens? It just retraces with a pullback.

View OriginalReply0

AirdropBlackHole

· 01-07 04:24

I've heard the explanation of double bottom breakdown too many times, and what was the result? A big bearish candle, all for nothing.

View OriginalReply0