This week’s trade of the week came from a clean double bottom pattern on an altcoin daily chart. The first bottom formed after a strong downtrend. Price then bounced, retraced, and tested the same zone again — forming the second bottom. This time, I saw a bullish engulfing candle on strong volume. That was my trigger. I entered with a stop below the support zone and aimed for the neckline. Once the neckline broke, I added to the position with a scaling strategy. The price hit my final target two days later. What made this trade so special was how textbook the pattern was and how well it followed through. It reminded me that classic patterns still work — when respected. Pattern recognition and patience are two underrated skills in trading. Learn to spot structure, and the market will reward you.
