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#INIT

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How to determine if the price has truly broken resistance or just temporarily pierced support depends on the following technical factors:

1. Trading volume

  • True resistance breakout: Volume higher than normal, indicating strong buying pressure.

  • Temporary support pierce: Low volume, lack of confirmation from sellers.

2. Candle close

  • Look at candle closes in larger timeframes (1H, 4H, 1D):

    • True breakout: Candle closes above the resistance zone, long and clear body.

    • Fakeout: Price only wicks through the zone and then closes back inside.

3. Retest

  • After breaking, if the price returns to retest the recently broken area:

    • Successful retest and then continues in the right direction => confirms a true breakout.

    • Failed retest, reverses => high likelihood of a fake breakout.

4. Support indicators

  • RSI, MACD, or OBV confirms the trend

    • True resistance breakout if RSI exceeds 50 and continues to rise.

    • If breaking support without a strong RSI drop => likely just a temporary pierce.

5. Multi-timeframe analysis

  • Don’t just look at the 5m-15m timeframe, need to check in 1H, 4H, D1 to confirm the main trend.

    SUMMARY:

    • A true resistance breakout usually comes with high volume, a clear candle close above the resistance zone (not just wicks), a successful retest, technical indicators in agreement with the uptrend (e.g., RSI above 50), and confirmed on larger timeframes like 1H, 4H, or D1.

    • A temporary support pierce often occurs with low volume, only wicks through the support zone and then retracts, a failed retest (price reverses), indicators not in agreement with the downtrend, and no clear confirmation on larger timeframes.

    $INIT

    $CATI

    $MANA