$ETC PUMPED TO LIQUIDATE SHORTS AND FAILED
Look at that wick to $7.67 at 16:00. That was the stop hunt. Price went up, grabbed all the liquidity above $7.62, and got instantly rejected with 2 red candles back to $7.57. This is not strength, this is a bull trap on the 1h. $7.60 is now resistance, not support.
Entry: $7.57
SL: $7.67
TP: $7.30
You longed the wick, now you'll panic sell the breakdown.
$ETC
Look at that wick to $7.67 at 16:00. That was the stop hunt. Price went up, grabbed all the liquidity above $7.62, and got instantly rejected with 2 red candles back to $7.57. This is not strength, this is a bull trap on the 1h. $7.60 is now resistance, not support.
Entry: $7.57
SL: $7.67
TP: $7.30
You longed the wick, now you'll panic sell the breakdown.
$ETC
