3 SIGNS A BREAKOUT MIGHT BE FAKE
A breakout is not confirmed just because price moves above a level.
Watch for these 3 things:
• Price breaks, but cannot hold above the level
• Momentum fades immediately after the move
• Price gets pushed back into the previous range
That is where many traders get trapped.
The better question is not:
“Did it break?”
It is:
“Did the market accept the breakout?”
Breakouts create attention.
Acceptance creates conviction.
That is the ONE THING.
$BTC #bitcoin #crypto #Trading
A breakout is not confirmed just because price moves above a level.
Watch for these 3 things:
• Price breaks, but cannot hold above the level
• Momentum fades immediately after the move
• Price gets pushed back into the previous range
That is where many traders get trapped.
The better question is not:
“Did it break?”
It is:
“Did the market accept the breakout?”
Breakouts create attention.
Acceptance creates conviction.
That is the ONE THING.
$BTC #bitcoin #crypto #Trading