Discuss a few types of top formations

When trading cryptocurrencies, if you make a profit but don't know when to take profits at the top, all the previous gains could end up being lost.

A downward V-shaped peak at a high position indicates that the main players are eager to sell, and chasing the high can easily lead to losses.

The rounded top may seem gentle, but in reality, it is a quiet distribution by the main players, and a rapid decline is likely to follow.

The appearance of an M-shaped double shoulder top signifies that the second peak is basically the last chance to escape.

A head and shoulders top is a typical signal of a peak; if it breaks through a critical position, one should decisively exit the market.

Multiple tops at high positions seem to consolidate, but in reality, the main players are slowly distributing their holdings.

A continuous increase in large bearish candles at high positions indicates that the main players are escaping; do not hold onto illusions.

If the rebound peaks at high positions keep getting lower, it shows that the bulls no longer have the strength to push upward.

When top formations coincide with negative news or a weakening market, individual cryptocurrencies are likely to experience a corrective drop. When encountering such formations, even if it means earning a little less, it’s crucial to step back and observe first, preserving profits and principal is the most important.