I'll share a little about the confirmed theory that I apply in practice🤝
If the price forms (it has different names: flag, triangle, etc.) from the bottom and the top, interpret it as you wish. I will call it liquidity pools.
Then it means it will give a false breakout like I have on the screenshot. In this case, upwards against me 😏
But I wanted to open a trade within the trade because there was a decent entry point, but the price didn't have enough strength.
As soon as I saw there was a breakout upwards, I manually closed the position I was in.
And I would like to say that I also canceled this one, but no. I am greedy😂 I waited for the price to bounce a little from my entry point, and then I closed 😂😂😂🤑