📉 What is a Fakeout?
When the price breaks a support or resistance level and it seems like the market has broken out,
but suddenly it reverses —
it is called a Fakeout.
💡 How to Trade a Fakeout?
1️⃣ Keep an Eye on Strong Zones
Monitor the support or resistance levels where many people try to trade.
2️⃣ Wait for the Breakout
Don't take an entry immediately when the price line breaks.
3️⃣ Look for Rejection Signals
If the price goes up a little and then comes back within the same zone —
it could be a fakeout.
4️⃣ Enter After Confirmation
When the price comes back inside the zone and the candle confirms,
then take entry — in the opposite direction.
🎯 Pro Tip:
Fakeouts trap those who are hasty.
Make entries wisely, the market will be in your favor.