Self explanatory and painfully dolorous. Market will keep washing lev traders all day till break, then do a scam move and run.
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The flotting pluck thickens
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Another batch getting rinsed.
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I wonder if this could break early because of volatility being too high and going full waterfall.
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Potentially a first bullish fakeout?
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It's not a rule, but the first breakout is often the liquidity grab to go the other way.
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I'm so close to calling this break up the breakout but it's not there yet. It doesn't feel quite right at this point.
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Okay, so this is where I think we will see the real test. If we continue to 26200, I'm calling bull. If we reverse, it's the fakeout and we're going to 22k.
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So I STILL can't tell if it's an actual breakout. Inflation and all, ETH barely budged...
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So I see since yesterday that 25900 is super strong against the market, but mostly support, meaning that going under 25900 doesn't turn it into resistance. That makes me think it is not a market thing but a market maker thing.
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the struggle for 25900