Bad sign: Intraday fake breakout aka "failed pump" detected
Hi guys,
Another TA, this time on the small time range.
If you look at the current intraday price movements we see something interesting:
* Volume increased, price went up aka "pump started"
* Not much later again a volume spike, price went down.
This means we have a fake or a failed breakout. Someone tried to push the price or or thought it's a good moment to buy a lot but very shortly after it the price
returned to previous levels.
Another TA, this time on the small time range.
If you look at the current intraday price movements we see something interesting:
* Volume increased, price went up aka "pump started"
* Not much later again a volume spike, price went down.
This means we have a fake or a failed breakout. Someone tried to push the price or or thought it's a good moment to buy a lot but very shortly after it the price
returned to previous levels.
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