📉 How to Avoid Fakeouts in Trading! 📈
Fakeouts can trap even seasoned traders, but understanding key signals can help you stay ahead. Check out this chart:
Fakeouts :
When the price breaks above resistance but reverses immediately below it 📉. Often marked by low volume, indicating a "weaker breakout."
Strong Breakouts:
Look for increased volume during the breakout 📈. This shows conviction and a higher chance of a sustained move.
💡 : confirm breakouts with volume analysis to avoid getting caught in a fakeout trap! What’s your go-to strategy for spotting fakeouts? Let’s discuss! #TradingTips #TechnicalAnalysis