This kind of “a big drop, a small bounce, then a new low” structure is technically similar to a descending channel or a zigzag decline. Its key feature is that every rebound falls short of the previous high, and every drop breaks below the previous low. That’s what makes it so treacherous: the rebounds look convincing, but they’re just pauses in the downtrend, not a reversal. $ETH , I think this month’s market has left many people battered by repeated fake bottoms and fake breakouts. 🤨$SPCX

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