Bull trap incomingObserving the Breaker formation on higher time frames for both Total and Bitcoin, it appears that Total 2 may trade up to the weekly fair value gap before experiencing a decline. Considering this, I believe it's prudent to exercise caution and refrain from making new entries until we receive clear indications of candle patterns above the Breaker formation.
In light of this analysis, I've decided to book some profits in some of my coins and adopt a wait-and-see approach to assess how the market reacts to the Breaker formation. During this time, I'll implement strict stop-loss measures to mitigate risks. As the days pass and the market approaches the Breaker level, I'll gradually reduce my exposure, further minimizing potential risks. I'll consider re-entering the market only when I witness a clear and distinct bullish movement taking shape.
