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RE: This Right Here is a Fresh $300,000,000 USD Ready to be Pumped Straight into Crypto
If this trend line holds then I’m with you, but it really looks like it wants to properly break out.
Hope you’re wrong anyway 😉.
For me - this may be a trap - this looks like impuls - so people will buy there is a optymism - but also could be a wedge - so when will be a Breakout down - It could make:
I will use your picture:
Local - it looks like break of trendline(downtrend) - but there is A LOTof examples on forex and cryptos - that - it's not mean "go long now" - and price was still on downtrend.
I wrote about long squeeze scenario on BTC. When buyers exit longs when bears attack dips - and price hits longs - SL's. and push price lower and lower. I think this may happen.