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BTCUSDT · USDT-M Perp · 1D · L2

Failed Breakout — BTC Perp

Daily perp fakes out above $27.5k — bull trap.

Futures Scenario

Daily perp fakes out above $27.5k — bull trap.

May 2023 range break failed. Day #7 wicked to $27,212 then closed $26,313 — trapping leveraged longs.

📅 May 2023 · $27.5k resistance bull trap · MEXC USDT-M Perp

BTCUSDTBTC PerpetualPerp1D
May 2023 · $27.5k resistance bull trap
26,26526,93027,595May 17May 18May 19May 20May 21May 22May 23

Volume (contracts) · max 1073.0M

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