10 Price Action Rules Every Degen Should Know:
1. New high? Don't chase. Wait for the first pullback. New low? Don't catch falling knives. Downtrends keep dumping—you'll get rekt trying to bottom fish too early.
2. Afternoon price action usually bleeds into next day's open. Watch the close.
3. Morning reversals stick. Afternoon reversals? Fake pumps 90% of the time.
4. Gap between today's open and yesterday's close = massive imbalance. Either major news dropped or whales are moving. Expect a one-way trip—straight up or straight down. No chop.
5. Yesterday's high and low are your key levels. Clean break above yesterday's high + continuation = strength. Rejection at yesterday's high = weakness. Same logic flipped for lows.
6. Yesterday's high/low are the only levels that matter intraday. Two outcomes: rejection → fade it, breakout → ride it. Volume confirms everything.
7. Last hour before close is when whales show their hand. They can fake moves all day, but closing price sets tomorrow's narrative. Watch the tape in the final 60 mins—that's where real intentions show.
8. Volume spike in the last 30 mins? That's not retail. That's smart money positioning. Next day usually follows that direction.
9. Early session clear signals = instant entry. Breakout of opening range on volume, clean one-way move with no pullback, fat candles with volume backing it. Don't overthink—just execute.
10. Trend continuation > reversal. Always. Don't try to be a hero calling tops and bottoms. Ride the trend until it breaks. Assume continuation until proven otherwise.
Market doesn't care about your opinion. React to what's happening, not what you think should happen.
1. New high? Don't chase. Wait for the first pullback. New low? Don't catch falling knives. Downtrends keep dumping—you'll get rekt trying to bottom fish too early.
2. Afternoon price action usually bleeds into next day's open. Watch the close.
3. Morning reversals stick. Afternoon reversals? Fake pumps 90% of the time.
4. Gap between today's open and yesterday's close = massive imbalance. Either major news dropped or whales are moving. Expect a one-way trip—straight up or straight down. No chop.
5. Yesterday's high and low are your key levels. Clean break above yesterday's high + continuation = strength. Rejection at yesterday's high = weakness. Same logic flipped for lows.
6. Yesterday's high/low are the only levels that matter intraday. Two outcomes: rejection → fade it, breakout → ride it. Volume confirms everything.
7. Last hour before close is when whales show their hand. They can fake moves all day, but closing price sets tomorrow's narrative. Watch the tape in the final 60 mins—that's where real intentions show.
8. Volume spike in the last 30 mins? That's not retail. That's smart money positioning. Next day usually follows that direction.
9. Early session clear signals = instant entry. Breakout of opening range on volume, clean one-way move with no pullback, fat candles with volume backing it. Don't overthink—just execute.
10. Trend continuation > reversal. Always. Don't try to be a hero calling tops and bottoms. Ride the trend until it breaks. Assume continuation until proven otherwise.
Market doesn't care about your opinion. React to what's happening, not what you think should happen.