Types of FALSE BREAKOUTS

in #steemit • 6 years ago

Quick image to reflect the types of false breakouts that occurr the most in the financial markets.

Beware of the importance of VOLUME to determine if its a legit breakout or just another trap.

Basically good breakouts are those that break WITH volume!!

Credits for the image to @excavo

#bitcoin #cryptocurrency #meme #trading
6 years ago in #steemit by
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     6 years ago 

    Great show and tell, do you have any examples of good breakouts w/volume.

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     6 years ago 

    Just made a post with that's going on today to show a good example of breakout with volume.
    Check it out! https://steemit.com/steemit/@luiggih/monero-xrm-usd-breakout-with-volume