Bear Trap - PUMP ahead
Looking at the past downtrend we saw a False bullish brakeout from the descending trendline and a liquidation event took place. [First red Square]
Right now we are experiencing the same; we aggresively broke the uptrend as the sentiment turns ULTRA bearish.
I expect a Liquidation of shorts in the upcoming hours.
Lets see how it plays out.
Right now we are experiencing the same; we aggresively broke the uptrend as the sentiment turns ULTRA bearish.
I expect a Liquidation of shorts in the upcoming hours.
Lets see how it plays out.
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