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LeoGlossay: Double Bottom

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Published: 30 Jul 2022 › Updated: 30 Jul 2022LeoGlossay: Double Bottom

LeoGlossay: Double Bottom

A term used in technical analysis where a security or tradable asset such as cryptocurrency drops in price, rebounds, and then reverts back to near the previous drop. This is often taken as a bullish signal. The image on the chart looks like a “W”.

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