$S is looking like it might have formed a local bottom. But here's the thing—recognizing a reversal and timing the entry are two different games. You could be catching the bottom with a solid risk-reward setup, or you could be falling into one of those classic false breakout traps we've all seen before. The chart pattern suggests potential, but confirmation matters. What's your take on the volume action around this level?
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HashRateHermit
· 13h ago
The local bottom is the bottom, but the true bottom is the real bottom...
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As for volume, I think we should wait. There are too many false breakouts.
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Do you know what a dead cat bounce is? This is it.
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The risk-reward ratio looks good, but I’m still waiting for confirmation.
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Can $S hold this wave? It mainly depends on whether the trading volume truly cooperates.
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Honestly, right now entering the market is not much different from gambling.
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Reversals are easy to spot, but bottom fishing is hard... If the volume can't keep up, it's all fake.
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This kind of chart pattern is seen every day, but most of them end up crashing.
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ContractTester
· 12-26 12:56
I also saw the bottom signal, but the biggest trap with this thing is fake breakouts... the trading volume is lying.
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Web3Educator
· 12-26 12:52
yo, volume's gonna be the real tell here ngl. seen too many students get liquidated chasing "bottoms" without checking if the buyers are actually there lmao
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SchrodingerAirdrop
· 12-26 12:51
It's the same old story again. I have stepped into the bottom trap before...
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OldLeekNewSickle
· 12-26 12:50
It's that kind of "looks like a bottom" move again. I bet five bucks the next comment will say the volume has broken out...
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BrokenRugs
· 12-26 12:46
Honestly, confirming the bottom by just looking is unreliable.
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If the volume isn't sufficient, it might just be a false breakout. We need to wait and see.
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I've fallen for this trap many times before. Now I get nervous just looking at the charts.
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If the trading volume doesn't cooperate, even the prettiest chart is useless. That's the truth.
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Reversals are reversals, but the timing for bottom-fishing? Uh... that's hard to say.
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Sometimes the bottom is just a bait. I'm really starting to get a bit scared.
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MEVEye
· 12-26 12:44
The bottom is indeed interesting, but I'm more concerned about whether the trading volume can match up; otherwise, this breakdown could easily reverse.
$S is looking like it might have formed a local bottom. But here's the thing—recognizing a reversal and timing the entry are two different games. You could be catching the bottom with a solid risk-reward setup, or you could be falling into one of those classic false breakout traps we've all seen before. The chart pattern suggests potential, but confirmation matters. What's your take on the volume action around this level?