Crypto Patel

❌ Avoiding Fakeouts in Cryptocurrency Trading ( Educational Post )

Fakeouts can be a trader's nightmare!

Here’s how to protect your trades from these frustrating false signals:

Use Multiple Time Frames

Check the trend on a longer time frame (daily/weekly) before zooming into shorter ones (hourly/15-min). This helps cut out the noise and confirm if a move is real.

Wait for Confirmation

Don't rush in! A breakout above resistance? Wait for it to close above and retest as support before buying. The same goes for breakdowns below support. Let the price confirm the move.

Utilize Indicators and Oscillators

Volume confirms the move:

High volume = conviction; Low volume = weak move. RSI highlights overbought/oversold zones, indicating potential reversals.

Use Stop-Loss Orders:

Trade smart and stay safe out there.

Detailed Analysis on X:   twitter.com/CryptoPatel

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