Crypto Guru X
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Common Mistakes in Technical Analysis (and How to Avoid Them) 🧠📉
Technical analysis is a powerful tool, but many traders fall into the same mistakes, time and again… Here are the most common ones:
⸻
1. Ignoring the larger time frame ⏳
If you are analyzing on a 15-minute frame without looking at the daily trend, you are trading in the dark.
Solution: Start by analyzing the larger frame, then go down to the smaller frame to accurately identify entry points.
⸻
2. Relying solely on one indicator 🔍
Using only the RSI or MACD without considering the price itself = an incomplete decision.
Solution: Use a combination of price + indicators + price action.
⸻
3. Drawing trends and support and resistance lines randomly 📏
An excessively sloped trend or support drawn between candles will mislead you.
Solution: Focus on clear highs and lows, and ensure that the lines touch more than one point.
⸻
4. Forgetting that "false breakouts" exist 🤥
Not every breakout means an entry opportunity. Sometimes it’s just a trap.
Solution: Wait for the complete closure above or below the line after the breakout + confirmation from volume or the next candle.
⸻
5. Not documenting the results of your analysis 🗂️
You analyze and analyze… but you don’t know if your analysis is successful or not.
Solution: Keep a record of your previous analyses, and learn from mistakes to improve over time.
⸻
Do you want a PDF file with a ready-made list of technical analysis mistakes + examples from the real market?
Write the word “analysis” and I will send it to you for free ✉
#AirdropFinderGuide
Technical analysis is a powerful tool, but many traders fall into the same mistakes, time and again… Here are the most common ones:
⸻
1. Ignoring the larger time frame ⏳
If you are analyzing on a 15-minute frame without looking at the daily trend, you are trading in the dark.
Solution: Start by analyzing the larger frame, then go down to the smaller frame to accurately identify entry points.
⸻
2. Relying solely on one indicator 🔍
Using only the RSI or MACD without considering the price itself = an incomplete decision.
Solution: Use a combination of price + indicators + price action.
⸻
3. Drawing trends and support and resistance lines randomly 📏
An excessively sloped trend or support drawn between candles will mislead you.
Solution: Focus on clear highs and lows, and ensure that the lines touch more than one point.
⸻
4. Forgetting that "false breakouts" exist 🤥
Not every breakout means an entry opportunity. Sometimes it’s just a trap.
Solution: Wait for the complete closure above or below the line after the breakout + confirmation from volume or the next candle.
⸻
5. Not documenting the results of your analysis 🗂️
You analyze and analyze… but you don’t know if your analysis is successful or not.
Solution: Keep a record of your previous analyses, and learn from mistakes to improve over time.
⸻
Do you want a PDF file with a ready-made list of technical analysis mistakes + examples from the real market?
Write the word “analysis” and I will send it to you for free ✉
#AirdropFinderGuide
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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