#failedbreakdown
failedbreakdown
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They tried to break BTCDOM to the downside and failed ๐ชค
+1.5% on $4M. Price looked like it might lose $5,616, touched $5,620โ$5,627 (8 fakeouts today)โฆ and then bounced back hard. These failed sweeps often leave shorts trapped, with their stops sitting near $5,648.
This isnโt optimismโitโs mechanics: when a breakdown fails, the energy reverses upward.
If BTCDOM really loses $5,616 this time, the trap was set for the longs. Until then, itโs the traders below who are trapped.
How many do you think shorted the fakeout in BTCDOM? $BTCDOM
#Crypto #FailedBreakdown #Trading
They tried to break BTCDOM to the downside and failed ๐ชค
+1.5% on $4M. Price looked like it might lose $5,616, touched $5,620โ$5,627 (8 fakeouts today)โฆ and then bounced back hard. These failed sweeps often leave shorts trapped, with their stops sitting near $5,648.
This isnโt optimismโitโs mechanics: when a breakdown fails, the energy reverses upward.
If BTCDOM really loses $5,616 this time, the trap was set for the longs. Until then, itโs the traders below who are trapped.
How many do you think shorted the fakeout in BTCDOM? $BTCDOM
#Crypto #FailedBreakdown #Trading
+1.5% on $4M. Price looked like it might lose $5,616, touched $5,620โ$5,627 (8 fakeouts today)โฆ and then bounced back hard. These failed sweeps often leave shorts trapped, with their stops sitting near $5,648.
This isnโt optimismโitโs mechanics: when a breakdown fails, the energy reverses upward.
If BTCDOM really loses $5,616 this time, the trap was set for the longs. Until then, itโs the traders below who are trapped.
How many do you think shorted the fakeout in BTCDOM? $BTCDOM
#Crypto #FailedBreakdown #Trading
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