Price broke down hard the moment that bounce back to the line failed completely. Traders call this move a Breakdown Retest. It means the sellers just proved they're firmly back in control. Price broke below support then climbed back just to tag that same line again before rolling right back over. Wait for the next candle to confirm the move before you enter, and set your stop just above that line.
Learn this setup step by step: https://thenojoblifestyle.com/web-stories/breakdown-retest/
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Not financial advice. Trading involves risk and you can lose money.
