💭 How to identify fake signals and avoid traps? (Survival secret for beginners)
💡In the cryptocurrency market, not every buy or sell signal is worth executing. Fake signals are the primary reason many beginner traders lose money.
1. Don't enter based on just one candle:
A bullish or bearish candle on a small timeframe does not necessarily mean a trend reversal, wait for confirmation.
$ETH $BTC $TON 2. Monitor liquidity and volume:
A signal without support from high trading volume is often a trap. Liquidity supports the real movement.
3. Check the price location:
Did the signal appear at a strong support or resistance? Or in the middle of the range? The location determines credibility.
4. Don't ignore the overall context:
Is the trend upward or downward? Reversal signals need additional strength to succeed.
5. Use a time filter:
Signals that repeat on more than one timeframe are considered stronger and more reliable.
💡Success does not come from the number of trades, but from avoiding the bad ones.
#SmartTrading #cryptosignals #FakeBreakouts #BinanceFeed #TradingTips Next lesson:
How to determine the right time to exit a trade smartly?
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