Many traders have noticed that the ETH daily chart shows an M top pattern, but the probability of a double top being established is low. Since the previous low appeared near the neckline support with consecutive spinning tops, it indicates that the strength of the neckline support is quite strong. As long as this support is not broken, the double top pattern is unlikely to be established.
Furthermore, even if the double top pattern exists, there are signs of rebound demand and catch-up in lower timeframes. Therefore,综合判断, before the double top is confirmed, one can attempt to go long to capture rebounds, and during the rebound process, it is essential to set a breakeven stop loss in a timely manner.
