First real consolidation after a monster rally đ
Usually this sideways action = base for next leg up. Classic trap zone where:
- Shorts get rekt trying to call the top
- Over-leveraged longs get shaken out
Historically resolves HIGHER before any real correction hits.
Play: Not shorting this. Not longing heavy either. Let it cook, wait for the breakout confirmation. Patience pays in chop.
Usually this sideways action = base for next leg up. Classic trap zone where:
- Shorts get rekt trying to call the top
- Over-leveraged longs get shaken out
Historically resolves HIGHER before any real correction hits.
Play: Not shorting this. Not longing heavy either. Let it cook, wait for the breakout confirmation. Patience pays in chop.