Day 14/20 – Breakouts + Confirmation
Today I focused on improving how I approach breakouts.
Earlier I learned that price can break a level, but not every breakout is reliable.
Now I’m learning the importance of confirmation before entering a trade.
Instead of entering immediately, I’m starting to look for:
• A strong candle close above resistance
• A retest of the level (price comes back and holds)
• Increased volume supporting the move
For example, when Bitcoin breaks resistance and then retests it as support, it can be a stronger signal than entering the breakout instantly.
This helps reduce the chances of getting caught in fakeouts.
BTC
67,128.18
+1.10%