🧵 Thread 26 – How to detect false breakouts of support or resistance before entering Binance ⚠️
Many traders fall into the trap of a false "breakout" and buy just before the price plummets. Today you'll learn how to avoid them.
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🔹 1. What is a false breakout?
It's when the price seems to break a support or resistance… but doesn't confirm it and goes back, trapping those who entered incorrectly.
📌 Very common at key levels without confirmation.
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🔹 2. Characteristics of a false breakout:
✅ Long wicks
✅ Low volume on the breakout
✅ No firm close outside the level
✅ Immediate rejection in the following candles
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🔹 3. Use higher timeframes
You're in 15 min → confirm in 1h or 4h
If one candle breaks but the next doesn't confirm: likely a trap 🪤
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🔹 4. Volume = key
If the price breaks but without an increase in volume, be cautious.
📊 Real breakout = with strength and conviction.
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🔹 5. How to act correctly?
💡 Wait:
✅ Clear close outside the level
✅ Strong volume
✅ Retest with rejection = ideal entry
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🔹 6. Bonus with Fibonacci
If a breakout coincides with an important Fibonacci level but without confirmation or volume:
🚫 Probably false.
✅ Wait for pullback + rejection to enter.
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🎯 Conclusion
Avoiding entry into false breakouts saves you losses and gives you better trades.
Confirm, wait, enter logically, not emotionally 🧠
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📍 Tomorrow: How to use RSI along with Fibonacci to improve your entries and exits 🎯
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