RIOT trading setup showing solid technical follow-through. The morning star reversal pattern we flagged earlier triggered nicely, then consolidated into a triple-bottom formation that just punched through the descending resistance line.
Worth noting from both the chart mechanics and trader psychology angle—this sequence tells you something shifted. You're looking at a clear transition from accumulation phase weakness into potential strength building. The way price rejected lower levels repeatedly before breaking resistance suggests there's real conviction behind the move, not just a quick pump.
Traders who caught that pattern progression picked solid entry points. The technical setup aligned with actual volume behavior through the levels, which usually matters more than just staring at pretty patterns.
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governance_lurker
· 1h ago
The Morning Star really played out. I knew there was a chance the moment the triple bottom broke... The volume and momentum are different now, it's not just a superficial rebound.
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NeonCollector
· 01-13 17:03
Morning star to triple bottom this pattern is indeed beautiful, but to be honest, this perfect formation can be seen every day... The key is whether it can hold up afterwards.
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GateUser-c799715c
· 01-13 17:01
The early morning star pattern broke through the resistance line. This move is indeed supported by trading volume, not a false pump...
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BearMarketLightning
· 01-13 16:46
The triple bottom breakout is indeed interesting, but I've seen this kind of reversal many times. The key is whether it can hold steady afterward.
RIOT trading setup showing solid technical follow-through. The morning star reversal pattern we flagged earlier triggered nicely, then consolidated into a triple-bottom formation that just punched through the descending resistance line.
Worth noting from both the chart mechanics and trader psychology angle—this sequence tells you something shifted. You're looking at a clear transition from accumulation phase weakness into potential strength building. The way price rejected lower levels repeatedly before breaking resistance suggests there's real conviction behind the move, not just a quick pump.
Traders who caught that pattern progression picked solid entry points. The technical setup aligned with actual volume behavior through the levels, which usually matters more than just staring at pretty patterns.