$BTC IS SETTING A TRAP â DO NOT CHASE THIS MOVE đč
That sharp pump into resistance looks textbook for a liquidity grab. Volume is declining on the move up and the daily RSI is stalling at 60 â same spot where previous fakeouts reversed hard.
This kind of chart action has burned more overeager longs than any washout. I'm watching for a rejection sweep before I even think about entering.
Whatâs your read â is this the real deal or a classic devilish fakeout?
Not financial advice. Always manage your risk.
#BTC #Fakeout #TradingSetups #CryptoAnalysis
đč
That sharp pump into resistance looks textbook for a liquidity grab. Volume is declining on the move up and the daily RSI is stalling at 60 â same spot where previous fakeouts reversed hard.
This kind of chart action has burned more overeager longs than any washout. I'm watching for a rejection sweep before I even think about entering.
Whatâs your read â is this the real deal or a classic devilish fakeout?
Not financial advice. Always manage your risk.
#BTC #Fakeout #TradingSetups #CryptoAnalysis
đč