BTC/USDT Possible breakdown of the trendline
Updated
Price did a bull trap to then approach to the ascending trendline, bull traps allows institutions to liquidate shorts so they can sell bigger positions and trap bulls by buying on the breakout so they can sell. Seems like bulls are weak at this point. I will open short on the confirmation when we see a breakout.
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Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
Trade closed manually
Closed at breakeven, false breakdown
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