How to Avoid False Breakouts in Crypto Trading 🎁

Trading is exciting but full of mind games. False breakouts or false breakouts are a common trick that can lead to huge losses. But don't be afraid, savvy traders can learn to identify and avoid them.

Identifying False Breakouts

Quick Reversal: If the price quickly reverses after breaking through a key level, it could be a false breakout.

Low Volume: A true breakout is often accompanied by high volume. Low volume during a breakout can indicate a false breakout.

Key Levels: False breakouts often occur near major support or resistance levels. Be careful if the price breaks through these levels but fails to hold.

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