$ETH
Before the price retests the peak, you G quickly share with everyone the signs to recognize false breakouts, or bG, or quickly called BULLTRAP. Everyone follows to know safe profit-taking and understand more about technical analysis:
💥 Price surpasses 105 but the H1 candle has a long wick, closing below resistance.
💥 Volume does not increase or volume breaks out but RSI decreases (divergence)
💥 RSI on H1 and H4 both weaken after the pump.
---->> Specifically, if it occurs:
Price touches 105.3–105.5 and then sharply retracts back below 104k.
If it breaks below 102.8, it may return to test deeper in the range of 100.5–101
--->> Everyone applies this for other cases to know when viewing the chart. You G always says that the price considers the levels when the market moves is the CLOSING PRICE of the candle, that’s why. Wick sweeping.