BTC/USDT Sell the rumour, buy the news?📰

After CPI numbers came out we saw the price faking out the bears, we saw an spike under the support and volume increased sharply giving us confirmation of a possible bear trap in play. We have broken a local descending channel and we are now approaching the descending trendline. If we manage to break above, I have two possible targets $20,500 resistance area and $22,700 area. The sell off before the news could have created the perfect opportunity to buy once the news came out and fear spread.

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Trade active:

Price retraced and found support on the 0.786 fib level and now is trying to break the trendline.

Comment:

Took longer than expected for the breakout, at the end we managed to profit of a long position.