🚨 HOW TO SPOT A FAKE BREAKOUT
A coin breaks resistance and everyone starts screaming “🚀🚀🚀”…
But wait. 👀
Before entering, check 3 things:
1️⃣ Candle close above resistance
2️⃣ Volume increases during the breakout
3️⃣ Price holds the breakout level instead of immediately falling back below it
If price breaks resistance but volume is weak and the candle closes back below it…
⚠️ That could be a fake breakout.
Save this post. 📌
Follow for more simple crypto lessons.
#crypto #trading #Binance #TechnicalAnalysis #Bitcoin
A coin breaks resistance and everyone starts screaming “🚀🚀🚀”…
But wait. 👀
Before entering, check 3 things:
1️⃣ Candle close above resistance
2️⃣ Volume increases during the breakout
3️⃣ Price holds the breakout level instead of immediately falling back below it
If price breaks resistance but volume is weak and the candle closes back below it…
⚠️ That could be a fake breakout.
Save this post. 📌
Follow for more simple crypto lessons.
#crypto #trading #Binance #TechnicalAnalysis #Bitcoin