Could this be a trap?

LC closed at 0.60 where most of the trades are concentrated. 49% of the total volume was done at this price. Is this a trap or LC just showed its power? Our price movement resulted to a Bullish Harami pattern which has a medium reliability. This needs to be confirmed in order for us to see a reversal, at least within the channel that is formed. Not bullish in the long term so don’t be too greedy. Also if we look at the weekly chart, we could see a bearish signal Shooting Star. This week’s candlestick is not yet completed so it still has to be seen whether it will be confirmed or not. Monitor closely.

Caveat!

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