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False breakouts.

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False breakouts are an amazing strategy for the most part in light of the fact that such huge numbers of traders are just interested in breakouts. In the above range, numerous traders would have been holding on to hop into a short exchange (sell) when the price dropped out of the range. In any case, if the price doesn't continue dropping that implies each one of those traders who went short will be in a losing exchange if the price begins rising, and are compelled to buy to cover their position, pushing the price up much higher.

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