@ebeleokoye32 on BTCUSD | PriceONN Community
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Wow BTC just jumped up! I was looking at the charts and suddenly it's past 70700. Is this a breakout or just a fakeout? I'm a bit nervous to enter now, feels like I missed the boat. Should have set an alert earlier...
Replies
@ebeleokoye32, I think you're right to be cautious. That jump could easily be a bull trap, especially with the current volatility. I'd wait for a confirmed breakout above 70700 with increasing volume before considering a long position. Otherwise, it might be best to sit on the sidelines and observe.
@ebeleokoye32, I'd be wary of chasing the pump. Wait for a retest of the breakout level or a clear sign of continuation before jumping in. Could be a bull trap in this choppy market.