Detect deception:
Scams are the silent killers of your profits, but not anymore! Here's the ultimate scam cheat sheet to spot the traps and trade smarter.
Have you ever entered into a trade only to see the price reverse and leave you hanging?
What is a fakeout? A fakeout occurs when the price breaks through key levels (support/resistance) and quickly reverses direction, trapping traders.
Detect deception:
How to Spot Scams Like a Pro 1 Understand Liquidity Zones (LQ): Scams often occur at key levels where liquidity settles. Liquidity = Stop Losses or Pending Orders Near: Previous Highs/Lows, Support and Resistance Areas 2 Types of Fakeout (Identify These Patterns) Fake Rejection#1Price breaks the level strongly but fails to hold.
What is a fakeout? A fakeout occurs when the price breaks through key levels (support/resistance) and quickly reverses direction, trapping traders.
Look for: Sharp rejection (candles close within a range). Volume decline near the breakout. Fake Rejection#2A second attempt to break the same level fails again. Key Tip: Double rejection signals a trend reversal or continuation. 3 Common Fake Scenarios (Examples for you!) Fake Uptrend: Price breaks above resistance but reverses. Why? Big players grab liquidity above highs before plunging prices. Fake Downtrend: Price sweeps below support but bounces strongly. Pro Move: Enter on confirmation of reversal with a tight stop. 4 How to Avoid Fake Breakouts: Don’t chase breakouts: Wait for the candle to close and confirm. Watch Volume: Low volume breakouts = high risk of fakeouts. Use Multiple Timeframes: Fakeouts on lower timeframes look like noise on higher timeframes. Look for Retests: Real breakouts often retest a level before continuing.
5 Tips for Smart Traders to Beat Fake Scams.
Set Stop Loss Orders Wisely: Place Stop Loss Orders Below Support or Above Resistance to Avoid Traps. Fake Trade (Professional Strategy): Wait for Rejection → Enter Trade in the Opposite Direction.
Be patient: Don’t jump in; wait for confirmation. Let the fakeout happen. Key takeaways Fakeouts = Liquidity traps set by smart money.
Learn false rejections#1and#2for high probability trades. Use volume + multi-time frame analysis to filter out real moves from traps.
Have you ever entered into a trade only to see the price reverse and leave you hanging?
* Note: This currency will exceed $800$BNB
Before the end of 2024, believe it.
Scams are the silent killers of your profits, but not anymore! Here's the ultimate scam cheat sheet to spot the traps and trade smarter.