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Honestly, yesterday's market movement taught me a good lesson.
At around 11.4, I bought some spot holdings at the bottom. I thought I would just watch the market for a while and then go back to sleep, but as soon as I lay down, I completely "crashed." When I woke up, ZEN had already surged to around 14, gaining over 20 points. Looking at the chart, the regret I felt at that moment was enough to hit the ceiling — not only did I miss the bottom position, but I also missed the set take-profit point. Frankly, it was a textbook-level failure of a contrarian operation.
But this isn't necessarily a bad thing. After eight years in the crypto space, I increasingly understand one principle: the biggest opponent in trading isn't the market itself, but two of your own weaknesses — physiological limits and desire-driven impulses. This time, I encountered both (overslept and missed signals) and fell into the latter (hesitating to sell after a rise). Fortunately, my overall trend judgment on ZEN was correct, so today I want to discuss the logic behind this market move, especially the key pattern I slept through.
That 15-minute double bottom is one of the most classic signals for short-term bottom fishing. The logic is simple: after the price hits a support level and rebounds once, then drops again to test the previous low without breaking it, forming a "W" shape. When the price breaks through the middle neckline, it's the best time to add to your position.
In our recent market, ZEN completed its first bottom around 11.4, then rebounded slightly and retested the support without breaking the previous low — at this point, the big players were actually testing support and absorbing chips. But I was already dreaming at that time. When I woke up, the neckline had already been broken, and chasing now would be chasing the rally — that would be too stupid.
Having gone through this, I have new ideas for subsequent operations. But I want to remind all beginners here: don’t follow blindly, first clarify your logic.
Woke up to find everything gone, if I were you I would just delete the chart
I've heard of the double bottom breaking the neckline, but few can actually execute it, just worried it might all be a dream
ZEN's recent rise was too fast, honestly no one could catch it all
But to be fair, your analysis of the double bottom pattern in ZEN is still clear, it's just that the execution phase was let down by physiological factors. Who hasn't experienced that?