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BTC/USDT Possible breakdown of the trendline

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Price did a bull trap to then approach to the ascending trendline, bull traps allows institutions to liquidate shorts so they can sell bigger positions and trap bulls by buying on the breakout so they can sell. Seems like bulls are weak at this point. I will open short on the confirmation when we see a breakout.

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Closed at breakeven, false breakdown
Chart PatternsTechnical IndicatorsTrend Analysis

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