I know that break triggered a lot of stop losses and even more buy orders for bulls looking for a reason thinking a breakout was imminent. Go read comments on X for proof.
If this was indeed a fakeout, I expect a nasty selloff to ensue. Watching the line in this chart and the retracement levels just below the low at 60k as possible area to go long.
Setting target at 62k. I want to out before the congestion. Meanwhile watching for signs im wrong about that. Will need to move down pretty quickly to hit that broken TL at 60k lows
If this was indeed a fakeout, I expect a nasty selloff to ensue. Watching the line in this chart and the retracement levels just below the low at 60k as possible area to go long.
Setting target at 62k. I want to out before the congestion. Meanwhile watching for signs im wrong about that. Will need to move down pretty quickly to hit that broken TL at 60k lows