Trendline Breakout
Price broke above the trendline then slammed right back below it. So a trader going long right there would've gotten stopped out fast.
That's because most traders buy the break instead of waiting for it to hold. Traders call this setup a Trendline Breakout and it's a classic trap.
It means price only pretended to break free before sellers took back control.
Read the full plain English breakdown with the chart.
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