❇️Stop Buying Fakeouts! Learn the "Retest" Strategy 🛡️📊
🚀 Breakout or Trap? How to Trade Like a Pro! 🎯
We’ve all been there: The price finally breaks above a heavy Resistance, you buy in excitement, and suddenly... it crashes back down! That was a Fakeout (False Breakout). 🛑
How do you avoid this? By waiting for the Retest. 🔄
What is a Breakout?
When the price moves above a Resistance level or below a Support level with high volume.
What is a Retest?
After the breakout, the price often comes back to "touch" the level it just broke to confirm it as new support/resistance. This is the Safest time to enter a trade! ✅
The 3-Step Strategy to Trade Breakouts:
✳️The Break: Wait for a candle to close clearly above the Resistance. 📈
✳️The Wait: Don't FOMO! Wait for the price to drop back to that same level (The Retest). ⏳
✳️The Confirmation: Look for a Bullish Pattern (like a Hammer or Engulfing) on the retest level. NOW you enter! 🚀
Why wait for a Retest? 🤔
✳️It confirms the trend is strong.
✳️It gives you a much better "Risk-to-Reward" ratio.
✳️It filters out the "Whale Traps." 🐳🚫
💡 Pro Tip: Volume is your best friend. A real breakout usually happens with a big spike in volume. If the price breaks a level with low volume, be very careful—it’s likely a trap! 📊🚨
What do you prefer? Aggressive entry on the Breakout or the Safe entry on the Retest? Let’s hear your strategy below! 👇
#TradingStrategy #Breakout #Retest #TechnicalAnalysis #RiskManagement $BTC