#CryptoCharts101
๐ Trading Mistake 101: Chasing the Green Candle
#CryptoCharts101 ๐ก
You see a coin pump on the 15-minute chart. Itโs up +25%โฆ and your brain screams:
"Buy now or miss out!" ๐ฑ
But hereโs the truth:
Youโre not buying strength โ youโre buying someone elseโs exit.
๐ซ Whatโs the Mistake?
Jumping into a trade without a strategy โ purely based on price momentum โ is how most new traders get wrecked.
๐ Itโs called chasing the green candle โ and it often ends in buy high, sell low.
๐ Example Breakdown:
Letโs say $BNB is pumping.
You see it fly from $600 to $645 in minutes.
You FOMO in at $644.
Minutes later, it dips to $610.
You panic sell at $615.
๐ฏ Reality: That green candle was a liquidity trap. Smart money sold while you bought.
โ What To Do Instead:
Wait for a retest of support.
Look at RSI, MACD, Volume โ not just price.
Set a stop-loss before entering.
Have a plan for exits โ profit and loss.
๐ง Pro Insight:
"Charts donโt lie. Emotions do."
Trading is a game of discipline, not luck.
Use tools on Binance Pro, mark your zones, and build a system.
๐ฌ Comment your worst FOMO moment.
๐ Share this with a friend still chasing pumps.
#CryptoCharts101 #BinanceTrading #TradingPsychology #CryptoMistakes #Write2Earn #FOMO #BNB #CryptoTips #dyor