Based on higher time frames, we are prepared for buying rather than selling. At the support zone, be cautious of potential false breakouts. False breakouts almost always occur at important levels due to the placement of stop loss orders above or below the level. To avoid triggering stop losses, it is best to wait for a false breakout and then enter in the opposite direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.