Just came back from a long drive . Did i miss anything ? | CRYPTO MECHANIC en Binance Square

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CRYPTO MECHANIC

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Just came back from a long drive . Did i miss anything ? 

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CRYPTO MECHANIC

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Got my stop placed on Ethereum $2475 ish, Personally don't like the instant retest of the highs after that strong breakout. If it goes up that would be great, If not i'll be out in slight profit. I can always get back in later but safety first. $ETH

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Crazy how we all get excited over 1 Green or Red candle.

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Let’s Learn Break Of Structure And Liquidity Sweep/ Fake out I get asked this question a lot or most of the traders don’t even know what a fake-out is. So I thought to make a post on it and teach you the difference between a break structure and a liquidity sweep. This will help you to identify false market structure shifts and to get on the right side of the trend. A break of structure: (See the chart for example) - Will usually be on the direction of the overall trend you are trading. - It will break a structural point with clear momentum and continue to trade above or below that break depending on if the trend is bullish or bearish. A liquidity sweep or a fakeout ( See the chart for example ) - Will usually be in the opposite direction of the overall trend of the timeframe you're trading. - The sweep will break out of structure / a zone and then quickly trade back inside the structural point that was broken. it can be just a wick and sometimes one or a few candles closes above the zone and then drop back inside it. Both of these are trade able. Use the first one to continue to ride the trend Use the fake-outs for your counter trend trades or expect market to give you some corrections as long as that fake-out area hold. Keep Learning & Let me know if you have any questions.

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That's a clean fakeout on $SOL Solana losing strength because Ethereum has it all?

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