๐ Breakouts & Fakeouts โ Know the Difference
Support and resistance give us the โbattle lines.โ
But hereโs the catch: not every breakout is real.
๐ Key signs of a real breakout:
โข Strong volume confirms demand.
โข Clean close above/below the level, not just a wick.
โข Retest holds โ price bounces on the old level like new support/resistance.
โ ๏ธ Fakeouts usually show:
โข Weak volume.
โข Quick reversal back inside the range.
โข Traders trapped chasing the move.
๐ Lesson: Donโt rush in on the first candle. Let the chart prove itself.
๐ฌ Ever been caught in a fake breakout? Share your story.
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