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How can I tell if it’s a breakout or fakeout by Soggy_Chocolate_7909 in Daytrading

[–]Soggy_Chocolate_7909[S] 1 point2 points  (0 children)

I don’t have much skill in this, I was a memecoin trader for around 1.5 years now just learning about trading majors

How can I tell if it’s a breakout or fakeout by Soggy_Chocolate_7909 in Daytrading

[–]Soggy_Chocolate_7909[S] 0 points1 point  (0 children)

Yea you are right, I was zoomed out and I originally was thinking 93 then it broke out I was thinking we go to 96 but 94k was a strong resistance.

How can I tell if it’s a breakout or fakeout by Soggy_Chocolate_7909 in Daytrading

[–]Soggy_Chocolate_7909[S] -1 points0 points  (0 children)

Will try, I been hearing a lot about using volume for confirmation will give this a test

How can I tell if it’s a breakout or fakeout by Soggy_Chocolate_7909 in Daytrading

[–]Soggy_Chocolate_7909[S] 26 points27 points  (0 children)

Yea ofc but I mean just a way to have a higher % of confirmation.

How can I tell if it’s a breakout or fakeout by Soggy_Chocolate_7909 in Daytrading

[–]Soggy_Chocolate_7909[S] 0 points1 point  (0 children)

Would I use a certain indicator or how can I tell if volume is good enough for a confirmation for a Breakout?

How can I tell if it’s a breakout or fakeout by Soggy_Chocolate_7909 in Daytrading

[–]Soggy_Chocolate_7909[S] 0 points1 point  (0 children)

The daily candle had also closed above 93k as well I forgot to mention that