The fake breakout a few days ago, all given back today!🚨📉
Last look at
$KMNO before bed, the price is still grinding up there. Looks strong on the surface, but on closer inspection, the rebound is weak and there’s insufficient support; the more it pulls, the less conviction.
While everyone is still waiting on the sidelines, I was watching KMNO’s reaction and noticed that every upward push lacked sustained buying volume, and it would fall back as soon as it hit resistance.👀🔹
So instead of chasing longs at that time, I reminded to wait for the payoff in the direction of opening long position