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I've seen too many of these routines. The hype behavior after a false wedge breakout, once the market structure starts to deteriorate, the flaws become more and more obvious.
The typical script is like this: the price only needs to rise by 5%, and some influential accounts will screenshot a 50% profit, accompanied by a caption like "Told you so," then quietly close their positions to take profits. While retail investors are still celebrating, the big players have already fully exited.
The problem behind these false breakouts is that the market structure itself is unhealthy. When upward momentum comes from non-organic drivers, reversals tend to be abrupt. Next time you see such signals, it’s wise to calmly ask yourself: Is this really a breakout, or just another round of harvesting?