A macro “Cup”, with a smaller “Cup with Handle” forming inside it — a powerful setup often leading to parabolic breakouts.
Before a true breakout, price may fake out to the downside, trapping longs.
This is classic market maker behavior — shakeouts followed by strong reversal and breakout. Stay focused on the reaction around yellow zone.
Currently in the final stages of the “handle” formation.
A breakout may confirm a move toward $4
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