Buyers stepped in right where price held before and price shot up. A smart trader waits for the next candle to close higher first. Most traders short the dip assuming support finally breaks for good. Traders call this move a Resistance Rejection. It means buyers are defending a floor the market already trusts. Price had tested this exact zone before and bounced each time.
Learn this setup step by step: https://thenojoblifestyle.com/web-stories/resistance-rejection/
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Not financial advice. Trading involves risk and you can lose money.
