| If you have been trading crypto, you have been there... and it can happen when trading many other assets as well. The momentum is in you favorite. There may even be a positive news catalyst. You wait for a breakout, price surges past the breakout line, and with good volume. Your suspicion for a failed breakout disappears as price breaks out up, retests or not, and just continues up like a rocket. The asset is now so far away from the breakout line, that you have joined the jolly wagen and counting the cheese. Finally, a big win! Yes! Later in the day, you get a fast reversal. Soon it is back to the breakout line, previously crossed up. You hope for a retest. But it just crashes down more and more. Only 10 hours have past but it seems to be long days. Your profit is not a loss, or you gave it all back to Mister Manipulative Market. You want to break the keyboard and sue the platform for selling your order flow data. ForexLive is here to help. Next time, don't get angry. And don't get even. |
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