How many people have been fooled into shorting by this little double top at $ETH ? Well, once it exploded, you just came down.... Let me simply break down why you are losing, and then we'll talk about follow-up actions....
In fact, double tops and double bottoms are very good reversal signals, but they must occur at valid support or resistance levels. ETH just broke through a wedge structure that had been consolidating for nearly a week and confirmed the retest, showing a clear short-term upward trend. Do you think it will easily reverse? Often at this time, what you once thought was a good reversal signal turns into a bear trap; there are often many traps within the trend!
Looking back at the larger context, the double bottom confirms support at the major pattern's support level, which forms an effective reversal signal. This is also the reason I previously advised you to buy the dip at 2525. If you miss this wave, I'll truly be speechless.... Do you need to find a teacher and spend money to buy strategies?
Next, based on the current market of Ethereum, we can analyze that there is a short-term upward trend, just broken through, and retesting the original wedge structure's trend support position presents an opportunity to go long, which is around 2595—2575; for shorting, look for opportunities at 2668—2711...