šĀ Breakouts or Fakeouts?Ā Hereās my quick strategy:
1ļøā£Ā I watch for consolidation patterns like triangles or flags. A tight range = pressure building = potential BOOM. The calm before the storm.
2ļøā£Ā Volume confirms truthĀ ā no volume, no entry
3ļøā£Ā Retest the levelĀ ā support/resistance flip = go signal
4ļøā£Ā Smart entriesĀ ā avoid breakout traps, use stop orders wisely
5ļøā£Ā Risk firstĀ ā tight stops, 2:1 R:R minimum šÆ
š Fakeouts have clues: wicks, weak closes, RSI/MACD divergence.
Patience > FOMO. Trade the breakout, not the hype. šÆ