Fake breakouts are the easiest way to lose points in 5-minute predictions! 🚨
Don't just predict a direction the second a candle breaks a Support or Resistance line. Market makers love to create fakeouts (wicks) to trap traders before reversing the trend.
My rule: Wait for the 5-minute candle to CLOSE above or below the line before making your prediction. Patience saves points! 🛡️📊
Are you trading the breakout or waiting for the retest? Let me know! 👇
#BinancePick
Don't just predict a direction the second a candle breaks a Support or Resistance line. Market makers love to create fakeouts (wicks) to trap traders before reversing the trend.
My rule: Wait for the 5-minute candle to CLOSE above or below the line before making your prediction. Patience saves points! 🛡️📊
Are you trading the breakout or waiting for the retest? Let me know! 👇
#BinancePick