#TradeLessons
Asset: $AVAX
Direction: Long
Entry: $39.50
Exit: $36.80 (stopped out)
Strategy: Breakout Anticipation
Timeframe: 1H
What went wrong:
Entered early, anticipating a breakout from a descending wedge
Ignored weak volume and lack of momentum
Price got rejected at resistance and reversed sharply
Stop-loss hit for a -6.8% loss
Lesson learned:
Never enter before confirmation
Volume is key when trading breakouts
Always stick to the stop-loss — small losses protect capital