Beginner’s Guide: $RIVER 1 hour Timeframe Tweezer Bottom formation means Bullish confirmation…
What is a Tweezer Bottom? Let’s now explain it a little bit if you’re a beginner
By concentrating in the image circled part. A Tweezer Bottom is a bullish reversal pattern. It usually appears after a downtrend and signals that selling pressure is getting weak and buyers may start taking control.
How it looks like on the River Token chart
>It’s made of two consecutive candles
>Both candles have almost the same low (same bottom)
>First candle is usually bearish (red candle left side)
>Second candle is bullish (green right side)
The key idea here is; price tried to go lower twice and failed.
What it means in simple words
>Sellers push price down -> buyers defend that level
>Sellers try again -> still can’t break lower
>This shows strong support
>Market may reverse upward or start a bounce
When it’s stronger / more reliable
A Tweezer Bottom is more powerful when:
>It appears at a strong support level
>Happens after a clear downtrend
>Second candle closes strong bullish
>Confirmed by higher volume
>Next candle continues going up
How traders usually use it
>Look for buy (long) opportunities after confirmation
>Stop-loss is often placed below the tweezer low
>Combine with RSI, support zones, trendlines (don’t trade it alone)
Important note
Tweezer Bottom is not 100% guaranteed.
Always wait for confirmation, especially in crypto markets where fake reversals happen often.
Hope you can analyze the price direction using tweezer bottom pattern to trigger your orders💪🏾🚀
