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#Educational Post 👨💻 🚨How to avoid false breakouts like a pro?🌞A false breakdown is a situation when the price violates an obvious level, but then suddenly changes direction.🌞When the initial breakout of the level occurs, many traders open a trade in the direction of the breakdown.🌞One of the ways to detect false breakouts is to monitor the volume, Real breakouts are usually accompanied by strong indications of trading volume at the time of the breakout.🌞It is also useful to monitor not only the trading volume but also the price movement on the lower timeframe. In many cases, you will see that the price makes a very sharp pullback on the lower timeframe, which is not visible on the higher timeframe.🌞The false breakout trap includes several candlesticks , usually 1-4, that go beyond the key support or resistance level . Such breakouts occur after a strong movement, as the market has reached an important level, but the price momentum still retains its strength.
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$LTC /USDT Long 10x Entry: 68.65-66.87 (limit order) Targets 69.390 70.366 71.396 72.420 73.389 74.523 Stop : 66.16 Use low funds only
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VerySlow let's convert 1000$ to $100k. if you want to follow me this is my copy trading account. plz follow for at least 100$ or above plz don't follow if you have low funds below $100
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#Educational Post: Inverse Head and Shoulders (IH&S) The inverse head and shoulders stock chart pattern is used as a predictor for the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders, ” but all of these names mean the same thing within technical analysis. It gets the name from having one longer peak, forming the head, and two level peaks on either side which create the shoulders.
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