ETH - WATCH OUT for SHAKEOUT : Bear-and Bull TrapsUsing leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions.
Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts.
It is, however, important to keep monitoring the situation. As long as the drop remains fairly small and the price stays close underneath the red trendline, recovery is an option.
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BINANCE:ETHUSD
