This fakeout is based on my SSS-GRADE STRATEGY
From the backtest of my SSS-GRADE STRATEGY almost most of the time this type of scenario leads to fakeout. So even if btc break below the support line it wouldn't be very good for short from my opinion.
This is idea is for short scenario only and for more confirmation we need to watch btc at the breakout time.
Here is one of the examples of fakeout in the same scenario:
(why 5min? because my strategy works same in any timeframe)
P.S.THIS IS NOT A FINANCIAL ADVICE. This idea may not go as the same way as I am telling just because of how much volatile and unpredictable BTCUSDT is but its better to stay alert.
From the backtest of my SSS-GRADE STRATEGY almost most of the time this type of scenario leads to fakeout. So even if btc break below the support line it wouldn't be very good for short from my opinion.
This is idea is for short scenario only and for more confirmation we need to watch btc at the breakout time.
Here is one of the examples of fakeout in the same scenario:
P.S.THIS IS NOT A FINANCIAL ADVICE. This idea may not go as the same way as I am telling just because of how much volatile and unpredictable BTCUSDT is but its better to stay alert.
