2024-12-24 21:19

IndustryBreakout vs. Fakeout
Breakouts can offer excellent trading opportunities, but false breakouts—or fakeouts—are common traps. To avoid getting caught, wait for confirmation before entering a breakout trade. A confirmed breakout is often accompanied by high volume and a strong candle close beyond the support or resistance level. Use oscillators like RSI to ensure the market isn’t overbought or oversold. Setting a stop-loss just below the breakout level protects your capital if the move reverses. Remember, patience is key. Spotting real breakouts takes practice, but mastering this skill can significantly improve your success rate.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

mikel2012
Трейдер
Hot content

Industry

Event-A comment a day,Keep rewards worthy up to$27

Industry

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

Industry

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

Industry

South Africa Event-Come&Win 240ZAR Phone Credit

Industry

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

Industry

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

Breakout vs. Fakeout
| 2024-12-24 21:19
Breakouts can offer excellent trading opportunities, but false breakouts—or fakeouts—are common traps. To avoid getting caught, wait for confirmation before entering a breakout trade. A confirmed breakout is often accompanied by high volume and a strong candle close beyond the support or resistance level. Use oscillators like RSI to ensure the market isn’t overbought or oversold. Setting a stop-loss just below the breakout level protects your capital if the move reverses. Remember, patience is key. Spotting real breakouts takes practice, but mastering this skill can significantly improve your success rate.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.