[The longer it ranges the harder it trends] If you notice the | The Real Rayner Teo

[The longer it ranges the harder it trends]

If you notice the price has been ranging for a long time, you’re not alone.

Traders all around the world will be seeing the same charts as you.

Some will be queuing to short the resistance, and some will be trading the breakout.

If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.

That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.