fakeout
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$NOT coin is not back‼️
😲😲😨😨😨😨😨😲🫂
Be careful when you see some slight price reversal after a long-term down trend in any asset . It could be a fake-out . And many times it is a fake-out.
So far , the chart on major time frames for NOT are still bearish .
There was a short price increase on the 4hr chart based on the news of possible staking but usually large holders may use it to exit the coin.
$NOT may eventually reverse but for now we need to see a daily reversal which has not happened , and then a 3 day and then weekly .
Careful out there. I only follow the trend .
4H-🟢🔴🐻🐂 (potentially bearish)
1D-🔴🐻
3D-🔴
1W-in progress.
#Notcoin👀🔥 #fakeout #altcoins
😲😲😨😨😨😨😨😲🫂
Be careful when you see some slight price reversal after a long-term down trend in any asset . It could be a fake-out . And many times it is a fake-out.
So far , the chart on major time frames for NOT are still bearish .
There was a short price increase on the 4hr chart based on the news of possible staking but usually large holders may use it to exit the coin.
$NOT may eventually reverse but for now we need to see a daily reversal which has not happened , and then a 3 day and then weekly .
Careful out there. I only follow the trend .
4H-🟢🔴🐻🐂 (potentially bearish)
1D-🔴🐻
3D-🔴
1W-in progress.
#Notcoin👀🔥 #fakeout #altcoins
I don't trade much , but when I do ? I'm sure to get #Rekt 😀 regardless, $XRP looks juicy. Maybe another #BTC fake out or even #breakout incoming this week. Also maybe #fakeout to the downside and carve out the right shoulder of an inverse Head and shoulder pattern and then make the move or it all goes to poop and the floor falls out. These are the risks 😂 show me $.70 !! 😂 $BTC $RIF
BTC : the next move
Usually, in a bear market it takes 4 to 5 strikes on the trendline to breakout but since #BTC has been near the resistance for quite a while it is much possible to see a breakout in the next 2-3 days. Probability of a breakout on 3rd strike are more considering the price action on 4H chart.
Although, other indicators on 1D like #RSI and #MACD are not in favor of Bulls so highly likely that we get a #fakeout instead of a breakout. If this happens then a bearish divergence could also form.
On the other hand if we see a rejection on 3rd strike (less likely) then what matters next will be the depth of the dip. I will update you further on this point in future if required.
Let's see what's in store for us but for now I am seeing this next move, which is about to happen, as a Fake pump.
Refer to attached chart
#BTCUpdate
Although, other indicators on 1D like #RSI and #MACD are not in favor of Bulls so highly likely that we get a #fakeout instead of a breakout. If this happens then a bearish divergence could also form.
On the other hand if we see a rejection on 3rd strike (less likely) then what matters next will be the depth of the dip. I will update you further on this point in future if required.
Let's see what's in store for us but for now I am seeing this next move, which is about to happen, as a Fake pump.
Refer to attached chart
#BTCUpdate
Here's how to avoid fakeouts in crypto trading:🚨👇
A fakeout is a false signal or a misleading price movement in the financial market, including crypto trading. It's a situation where the market appears to be trending in a certain direction, but then suddenly reverses, "faking out" traders who entered the market based on the initial signal.
Fakeouts can occur in various ways, such as:
- A brief price spike or dip that doesn't sustain
- A breakout that fails to continue in the expected direction
- A trend that seems to be forming but then reverses
Fakeouts can be costly for traders who enter the market based on false signals.
⛔ To avoid fakeouts, it's essential to use proper risk management strategies, confirm trends and signals, and stay vigilant in your market analysis.⛔
1. Make sure the trend is strong and real.
2. Use tools like moving averages and RSI to help you make decisions.
3. Check if there's enough trading volume to support the price move.
4. Don't rush into trades - wait for confirmation first.
5. Set a stop-loss to limit your potential losses.
This will help you avoid fakeouts and make smarter trades!
#Alert🔴 #fakeout #TradingMadeEasy #Write2Earn!
A fakeout is a false signal or a misleading price movement in the financial market, including crypto trading. It's a situation where the market appears to be trending in a certain direction, but then suddenly reverses, "faking out" traders who entered the market based on the initial signal.
Fakeouts can occur in various ways, such as:
- A brief price spike or dip that doesn't sustain
- A breakout that fails to continue in the expected direction
- A trend that seems to be forming but then reverses
Fakeouts can be costly for traders who enter the market based on false signals.
⛔ To avoid fakeouts, it's essential to use proper risk management strategies, confirm trends and signals, and stay vigilant in your market analysis.⛔
1. Make sure the trend is strong and real.
2. Use tools like moving averages and RSI to help you make decisions.
3. Check if there's enough trading volume to support the price move.
4. Don't rush into trades - wait for confirmation first.
5. Set a stop-loss to limit your potential losses.
This will help you avoid fakeouts and make smarter trades!
#Alert🔴 #fakeout #TradingMadeEasy #Write2Earn!
