#StripeStablecoinAccounts 📉 How to recognize the "M" pattern and exploit its signals?

This pattern warns of a price collapse! Here are the steps to deal with it:

🔍 Pattern Characteristics:

- Two equal peaks (Top-1 & Top-2): separated by a small peak (resembling the letter M).

- Breakdown of support level: the strongest signal to start the decline.

🎯 Trading Strategy:

1. First Entry:

- Expect a bullish rebound from the support level, but be cautious (a risky signal).

2. Second Entry:

- Enter a sell position after breaking the support level with increased trading volume.

3. Stop Loss:

- Place it above Top-2 to avoid losses if the breakout fails.

- Adhere to the 10% rule (do not risk more than 10% of your capital).

💡 Important Note:

The pattern may give false signals! Ensure:

- High trading volume during the breakout.

- Formation of the pattern after a clear uptrend.

🚨 Warning:

The pattern indicates buyer weakness and the beginning of seller dominance, but it requires confirmation of the breakout and strict risk management.

#Follow me to receive all the latest updates.