đ Breakout vs. Retest: Avoid the Fakeout Trap
Seeing a stock hit a 52-week high is exciting, but jumping in right at the breakout line is where retail traders often get trapped.
⥠The Strategy:
1. Wait for the initial break above resistance on high volume.
2. Watch for a low-volume retest of that former resistance (now support).
3. Confirm structure before executing an entry.
Patience saves capital.
#TechnicalAnalysis #PriceAction #StockCharts .
Seeing a stock hit a 52-week high is exciting, but jumping in right at the breakout line is where retail traders often get trapped.
⥠The Strategy:
1. Wait for the initial break above resistance on high volume.
2. Watch for a low-volume retest of that former resistance (now support).
3. Confirm structure before executing an entry.
Patience saves capital.
#TechnicalAnalysis #PriceAction #StockCharts .
