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CRYPTO MECHANIC
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That's a pretty clean fakeout and retest of the highs on
$MOVE
As long as it doesn't go above that high, The chart looks weak to me
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And the best thing to do if you're a beginner or struggling to be a profitable trader is trade where the high timeframe trend is. This will also reduce the quantity of your trades but will improve the quality of your trades.
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Each timeframe shows you a different picture. Lower timeframe can be bullish while the high timeframe is bearish. And it can be bearish while the high timeframe is bullish. You can execute trades on every timeframe you want to just make sure when you're executing Bullish or bearish trade based on LTF while High timeframe trend is different. you're taking a counter trend trade and this does not means you can't win but the probability of losing money will be high.
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