💭 How do you differentiate between fake signals and real signals in technical analysis?🤔
📌 In the cryptocurrency market, not every entry signal is worth risking your balance!
1. Don't rely on just one indicator:
Signals that come from a MACD crossover, for example, can be misleading on their own, but when confirmed by signals from RSI or support and resistance levels, they become stronger.
2. Check the trading volume:
Any movement without strong trading volume support is suspicious. Volume is the real fuel for movements.
3. Monitor the location of the signal:
Did it appear at a strong support area? Is the price at a low or high? Context is key.
4. Wait for confirmation:
One candle does not make a trend. Wait for two or three candles to confirm a breakout or reversal.
💡 Expert tip:
Always have a "what if the signal is wrong?" plan. A stop-loss is your friend.
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