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Hello, friends!☺️I trade in the Vooi 
@vooi-app terminal https://app.vooi.io and I told you about the level breakout pattern. Now let's look at another pattern, the false breakout! This is a very cool tool in trading and it is important to know about it.
This is very reliable and profitable tools, especially in crypto market, where emotions, weak liquidity and aggressive price manipulation often dominate. This is a situation when the price temporarily breaks through a level, but fails to consolidate and abruptly returns back!
In simple terms, it means: the breakout was caused by speculators, stop losses, or low liquidity.
The "crowd" took the bait, and the big players went in the opposite direction. Large players (or algorithms) can "collect" liquidity behind the level, then reverse the market.

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A false breakout down looks like this: the price breaks through support, knocks out stops and activates shorts. After a short downward movement, there is a sharp upward rollback.
A signal to go long is a return back behind the support level, which has now become a "trap".
A false breakout up: the price breaks through resistance, activates longs. But doesn't find support, quickly turns down. A signal to go short is a return under the resistance level. It's necessary to remember that a hard stop is always needed, since the movement can be sharp.