The line between a life-changing opportunity and a deadly trap is sometimes as thin as a thread and not being able to distinguish Breakout from Sweep is the reason why your account evaporates the fastest
š¹ When you see the price surpass the old peak, you often think that
The uptrend has started and rush to buy
but in reality, it is often just a Sweep liquidity sweep of the shark to gain momentum to push the price down deeper
And it makes you become a permanent peak chaser in amazement.
šø Breakout really brings huge profits but
it requires a solid confirmation from a candle that closes decisively outside the resistance zone
With explosive trading volume while Sweep is just a flash candle wick or a weak bullish candle
To lure impatient greedy people into the trap.
š¹ The price is not only money
But also the collapse of confidence when you are constantly deceived by the market
Making you doubt your own trading system
And falling into a panic spiral
Leading to constantly changing methods and losing more.
šø To avoid being pickpocketed, learn to control greed
Wait for a successful retest at the breakout zone
Instead of rushing in like a moth because it is better to miss a wave
Rather than letting yourself sink in that wave with a wrong position.
Have you ever blown your account just because of a Fakeout disguising as a Breakout?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.