If you're gambling perhaps, but if you understand how TA works and are setting up well placed stops, the risk is very limited. That of course is assuming that there is a market to trade on, which currently sucks big time with how illiquid the market is and stuck in a very tight range. If you look at exchanges such as Bitstamp and Coinbase, there is very little activity as we speak.

It makes more sense to wait for the break and trade that (which can happen at any time now), but I would prefer to wait one or two days afterwards just to see if it is a fake-out or not. Be wary of those.