One Crypto Concept Explained in 3 Minutes: Double top and Double bottom concepts..🤔
A Double Top forms in uptrend direction. Price reaches a high, pulls back, then tests the same level again but fails to break higher. This is called Double Top.
Top wicks is resistance area here...
A Double Bottom forms after a downtrend. Price hits a low, bounces, then retests the same level before moving higher.
Down wicks are supports area here
Have you ever traded a Double Top or Double Bottom successfully? 🤔
#TechnicalAnalysis #DoubleTop #DoubleBottom #BinanceSquareFamily #CryptoEducation
A Double Top forms in uptrend direction. Price reaches a high, pulls back, then tests the same level again but fails to break higher. This is called Double Top.
Top wicks is resistance area here...
A Double Bottom forms after a downtrend. Price hits a low, bounces, then retests the same level before moving higher.
Down wicks are supports area here
Have you ever traded a Double Top or Double Bottom successfully? 🤔
#TechnicalAnalysis #DoubleTop #DoubleBottom #BinanceSquareFamily #CryptoEducation