1. Sharp red candle + big volume = psychological break in minds of small long term holders 2. Touching support multiple times 3. RSI divergence 4. Break out of bear trend (LOOKING FOR) 5. Higher lows, possible inverse head and shoulders (LOOKING FOR)
+ upcoming news = signal for bull trend
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Support was broken.
Lesson: Always use stop loss.
Traders: 5% bellow support line Gamblers: 10% bellow support line