Price broke above resistance and closed right above the line but sellers slammed it straight back down fast. A trader who waited for confirmation watched sellers take back control fast. Most traders buy that first push up and get stopped out fast. Traders have a specific name for this exact trap called the False Breakout. It basically means buyers ran out of strength the instant they broke above resistance.
Learn this setup step by step: https://thenojoblifestyle.com/web-stories/false-breakout/
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Not financial advice. Trading involves risk and you can lose money.
