📘 Lesson 27: Pipe Bottom Pattern

The Pipe Bottom is a bullish reversal pattern that shows up after a strong downtrend.

It forms when price makes two sharp lows — like two pipes — back-to-back.

This usually means sellers tried hard (twice!) to push prices down... but failed.

Buyers then step in with strength, causing price to bounce back up.

When you see this, it could be a signal that the downtrend is ending and an uptrend might begin.

Many traders use this pattern to spot early bullish reversals and get in before the crowd.

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