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📢 Attention Binancians!
Join us for the Binance Super Meetup – a night of learning, networking, and fun!
📅 Date: November 17, 2024
🕒 Time: 4:30 PM – 9:00 PM IST
📍 Location: New Delhi, India
What to Expect:
🎤 Insights from Binance leaders
🎉 Fun activities, food, and surprises
🎁 Games & prizes with exclusive swag
🤝 Networking with fellow Binancians
👉 Register now to secure your spot and view the full agenda!
Can’t wait to see you there!
Join us for the Binance Super Meetup – a night of learning, networking, and fun!
📅 Date: November 17, 2024
🕒 Time: 4:30 PM – 9:00 PM IST
📍 Location: New Delhi, India
What to Expect:
🎤 Insights from Binance leaders
🎉 Fun activities, food, and surprises
🎁 Games & prizes with exclusive swag
🤝 Networking with fellow Binancians
👉 Register now to secure your spot and view the full agenda!
Can’t wait to see you there!
Binance
Binance India Super Meetup Nov 24
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Educational Post
What is a Fakeout?
A fakeout is a term used in technical analysis (TA) that refers to a situation where a trader enters a position expecting a price movement that ultimately doesn’t happen. In fact, in most cases, a fakeout is used to refer to a situation where the price goes in the opposite direction of the trade idea or signal.
A fakeout may also refer to a “fake breakout,” or false breakout, where price breaks out of a technical price structure, only to reverse shortly.
A fakeout can amount to a considerable loss. Technical analysts may identify a pattern that fits perfectly with their strategy, and looks to be playing out as expected. However, the price may reverse very quickly due to outside factors, and the trade can quickly turn into a hefty loss. As such, in anticipation of a fakeout, many traders will plan their exit strategy and put on stop-loss orders in advance of entering trades. In fact, this is quite a common strategy for basic risk management.
What is a Fakeout?
A fakeout is a term used in technical analysis (TA) that refers to a situation where a trader enters a position expecting a price movement that ultimately doesn’t happen. In fact, in most cases, a fakeout is used to refer to a situation where the price goes in the opposite direction of the trade idea or signal.
A fakeout may also refer to a “fake breakout,” or false breakout, where price breaks out of a technical price structure, only to reverse shortly.
A fakeout can amount to a considerable loss. Technical analysts may identify a pattern that fits perfectly with their strategy, and looks to be playing out as expected. However, the price may reverse very quickly due to outside factors, and the trade can quickly turn into a hefty loss. As such, in anticipation of a fakeout, many traders will plan their exit strategy and put on stop-loss orders in advance of entering trades. In fact, this is quite a common strategy for basic risk management.
Bitcoin Hits New ATH at $89,500: This Bull Run is Just Getting Started 🚀
#Bitcoin just hit a new ATH at $89,500 🔥
The 50-day EMA is acting as strong support.
As long as we're above it, we can hold our longs.
If we're near the 50-day EMA, it’s a great time to open more long setups.
This bull run is going to be massive, guys... 🚀
#Bitcoin just hit a new ATH at $89,500 🔥
The 50-day EMA is acting as strong support.
As long as we're above it, we can hold our longs.
If we're near the 50-day EMA, it’s a great time to open more long setups.
This bull run is going to be massive, guys... 🚀