Have you fallen victim to the "false breakout"? Learn about this common trap in trading!
The candle breaks through resistance... you get excited and enter a buy position... and suddenly the price collapses! This is the "false breakout", one of the most deceptive movements in the market.
In your opinion, what is the best action in this case? 1- Entering immediately after the breakout 2- Waiting for confirmation of closing above resistance 3- Completely ignoring breakouts
Write your choice number in the comments, and share your experience with this scenario!
Relative Strength Index (RSI): Currently at 46.7, indicating a neutral zone.
Stochastic Indicator: Shows overbought conditions, which may signal a price correction.
MACD Indicator: Provides a sell signal, indicating weakness in upward momentum.
Moving Averages: Show mixed signals; short-term averages suggest selling, while long-term averages support the upward trend.
---
Future Outlook
Some analysts expect Bitcoin's price to reach levels between $122,000 and $150,000 by the end of 2025, bolstered by increasing institutional interest and inflows into exchange-traded funds (ETFs).
---
Summary
While Bitcoin shows mixed technical signals, the overall trend remains upward in the long term. Traders are advised to monitor key support and resistance levels and to be cautious of overbought signals that could lead to short-term price corrections.
#BTC $BTC Whoever buys from the basement often discovers later that the basement was just the first floor... and there's still a cellar, a parking lot, and a storage room!😂
$STO I bought STO cryptocurrency with everything I have… 1.5 dollars! I don't have a wallet with thousands, nor a huge trading account, but I have a big hope that it will reach 1000 dollars one day!
Is it a dream? Maybe. Is it impossible? Nobody knows… crypto is crazy and anything is possible!
The question for you: If you were in my place, and you only had 1.5 dollars… Which cryptocurrency would you choose? And why?
Let's interact and dream together, maybe tomorrow we'll laugh and say: "Do you remember when you invested 1.5 dollars?!"
If you had bought Bitcoin for $100 in 2013… You would have more than 6 million dollars today.
But do you know the real shock? There were people who knew… and saw the opportunity… and "didn't take it".
Not because they were stupid. But because they were afraid, hesitant, listening to what people said… And today? They wish they could go back in time just one minute!
The question? If a similar opportunity came to you today… Would you really have the courage to take it? Or would you repeat the same mistake and say later: "I wish"?
INIT Trading Challenge إنضم الأن واربح INIT 🎁 Binance Futures is launching a promotional offer for eligible users to participate in the INIT Trading Challenge! Eligible users trading on Binance Futures will have the opportunity to share a total prize pool of 65,700 INIT in the form of token vouchers. Register for the promotion by clicking the “Join Now” button on the homepage.
Promotion A: Complete your first futures trade on Binance and win a share of 12,000 INIT in the form of rewards. All new Binance Futures users* who meet the following criteria will receive 12,000 INIT in the form of token vouchers equally, with a maximum of 12 INIT per new user.
Register for the promotion by clicking the “Join Now” button on the homepage;
Make your first futures trade of any amount on any USDⓈ-M contracts on Binance Futures during the promotional period; $INIT #INIT