💡 How to detect price traps (Fakeouts) and avoid them?
One of the most common mistakes made by beginner traders is entering after a false breakout and then exiting with a loss. This is known as a price trap (Fakeout).
🔹 How to distinguish a true breakout from a false one?
Watch the trading volume:
Strong breakouts often come with a noticeable increase in volume.
Wait for the close:
Do not rely on a momentary breakout; wait for the candle to close above/below the required level.
Check the context:
Did the breakout occur after a strong movement? Or in a range-bound area? Traps are more common in sideways ranges.
🔹 Practical example:
The price broke a significant resistance level, some traders entered a buy position, but the price dropped back and closed below the level, leaving behind quick losses.
📌 Next lesson:
How to test a trading strategy without losing money? (Discover the power of Backtesting)
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