#DayTradingStrategy
šØĀ Price Rejection at Key LevelsĀ šØ
When an assetĀ fails to break a major resistanceĀ (like $XRP near $3), thatās not just a pause ā it could signal aĀ reversalĀ orĀ consolidationĀ ahead. Here's how to trade smart:
šĀ Watch for Fakeouts: If price spikes toward resistance but quickly pulls back with volume, donāt chase. Thatās aĀ bull trap.
šĀ Short the Rejection: Enter short positions only if there's a clean break below aĀ support levelĀ (with confirmation). Manage risk tightly.
šĀ Use the 5ā15 Min Charts: Spot exhaustion candles (long wicks, decreasing volume) at resistance. Combine with RSI >70 or MACD cross-down for confidence.
š”ļøĀ Set Stop-Loss Above Resistance: Avoid hoping ā trade based on structure. Control risk, always.
š§ Ā Discipline > Hype: Let the chart tell the story ā not Twitter or FOMO
ā”ļø Patience + Precision = Profit