bull trap for the whole crypto community?
crazy wick from the top and a bearish engulfing on the W TF, if you just look at the price action (candles) tether is pretty exhausted, but if you take all the structure it broke from the 3 month to the 1W TF its just a clean break and retest to continue up as tether broke really heavy resistance and it has to come back, in the last 4 months since i called the top ive seen this unclean break and retest to continue going up countless times across all timeframes, id be very careful and not deploy all yo capital at this moment , DCA?
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.