Posted here BTC retrace complete : BeatTheBear (reddit.com)
Orders
Outcome
There are a few different reasons/strategies that pick up these entries but, as I said in the OP, I always think the easiest thing to do here is place my pending short orders where I know the noob gets cuts up thinking a real breakout has been made (I've been that noob enough times to know exactly where those orders go).
As highlighted in the OP, that's usually this little area. Bear stops hit and bulls enter there. Often the market reverses on them, and I want my orders in the place it does.
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