Mistakes that new traders make: Part 1

Ignoring Volume

I see so many new traders only focusing on the chart patterns and indicators, then they post “signals” of Long and Short with a picture of their chart and drawings, but the signals don’t work in any direction for 6-12 hours!

What’s the reason behind it? 🤔

The reason is that for a coin to go Up or Down in value, it needs real Money invested in it which we call Volume. If there is no Volume in a coin, how can a coin go ⬆️ or ⬇️?

Before opening a position in any coin based on Technical Analysis, look at the Volume coming in that coin as well otherwise you will be stuck in a trade for hours or days ⛓

It is very necessary to understand Fundamentals and not focus on Technical Analysis only

👁