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Meery imam
If you want to stand in front of this megaphone pattern forming on $BTC, be my guest.
But if price breaks through the upper boundary at $83.5K, the move is likely to become violent very quickly.
The reason the megaphone pattern is so explosive is because it’s built through repeated traps on both sides.
Price breaks above the previous high, draws in breakout buyers, then reverses.
Price breaks below the previous low, draws in fresh shorts, then rallies higher.
A sequence of repeated bull and
