Price broke down instead of bouncing. A trader saw price hit that same support level and bought expecting a bounce. The mistake was buying without a confirmation candle while the trend was already falling. Traders call this a support bounce. It only works when buyers actually step in and defend that level.
Learn this setup step by step: https://thenojoblifestyle.com/web-stories/support-bounce/
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Not financial advice. Trading involves risk and you can lose money.
