Typically this is a reliable setup but a good example of how not everything is 100% and that's why we have risk management.
Tried shorting $BCH off of the same setup as in the educational poster.
Was up about 20% at one point but it round-tripped and stopped me out.
Identifying a fake breakout in the market.
This same phenomenon also works inversely to identify a fake breakdown.
These failures typically result in aggressive price action in the other direction.
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