This - 7200 breakout - has not been retested since the breakout. Any demand at 8700 or support is simply a bull trap for retailers, and is coming on weekends. This pattern suggests that scammy exchanges pump it to wick buy stops. It looks like a slow grind downwards but price is coming there with Stop Loss - 9363 1.first stop at 8500, R:R - 2.31 2 second stop at 8200, R:R - 3.3 3. Third stop at 7800 R:R. - 4.8 4. Final at 7200, R:R. - 7.31
If you have liquidity, put it and go to sleep, else, like me get out at stops, and get back in after the relief pumps - which will always come