$FTM is down 0.8 percent today and chasing green candles is why you lose
Most traders see a pump and rush in thinking momentum keeps going
They buy right as the person who caught the 7 day high at 0.83340 dollars decides to dump their bags
Right now $FTM sits at 45 percent of its daily range with 14.0 million in volume which is just 0.3x the weekly average
That means the buyers stepping in here are taking risk from sellers who are already exiting
Look at the 1h ATR of 1.4 percent and realize the hourly swing is tiny while the odds favor waiting for real depth
Always check the volume before you jump into a trade
What rule saves you from the top gainer trap
#FTM #TradingTips
Most traders see a pump and rush in thinking momentum keeps going
They buy right as the person who caught the 7 day high at 0.83340 dollars decides to dump their bags
Right now $FTM sits at 45 percent of its daily range with 14.0 million in volume which is just 0.3x the weekly average
That means the buyers stepping in here are taking risk from sellers who are already exiting
Look at the 1h ATR of 1.4 percent and realize the hourly swing is tiny while the odds favor waiting for real depth
Always check the volume before you jump into a trade
What rule saves you from the top gainer trap
#FTM #TradingTips