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…False Breakout A succinct definition of False Breakout False BreakoutLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYFALSE BREAKOUTCopy linkShare on TwitterShare on FacebookShare on LinkedinFalse BreakoutA false breakout in cryptocurrency trading is a situation where the price of a cryptocurrency can move beyond a significant support or resistance level (i.e., breaking out), only to quickly reverse and move back within the previous trading range.Traders often rely on breakouts a…
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Breakout A succinct definition of Breakout BreakoutLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYBREAKOUTCopy linkShare on TwitterShare on FacebookShare on LinkedinBreakoutA breakout occurs when the price of a cryptocurrency asset breaks out of its normal price range, either moving above the resistance level (a price point where the asset previously struggled to go higher) or below the support level with increased volume, indicating the price may move further in the breakout d…
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…Traders can become someone’s exit liquidity when they trade their money for an asset without the ability to resell it due to various reasons.Full definitionExit StrategyCrucial for managing risk and securing profits, an exit strategy is a plan for selling or liquidating a position in a cryptocurrency to achieve the best possible financial outcome.Full definitionFalse BreakoutA false breakout is common in volatile markets like cryptocurrencies, where the price of a digital asset can move beyond…
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…This breakout often indicates strong bullish momentum and can lead to further price increases.Note that, at times, the price might briefly rise above a resistance level but then fall back below it, which is known as a false breakout. This can mislead traders who may have expected the price to continue rising.Key TakeawayA resistance level is a crucial price point in cryptocurrency trading where upward momentum tends to stop and might even reverse due to increased selling pressure.Related WordsSo…
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…A stop-loss is usually placed above the last high of the wedge to protect against false breakouts, and the profit target is often set at a level equal to the height of the wedge (the distance between the upper and lower trendlines at the beginning of the pattern).Key TakeawayAn ascending wedge is a bearish chart pattern characterised by two converging trendlines that slope upwards.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source com…
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…This is known as a false breakout and can trap traders who have set their stop-loss orders too close to the support level.Key TakeawayA support level is a key price point where a cryptocurrency tends to halt its decline and might even bounce back up due to increased buying interest.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’…
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Descending Triangle A succinct definition of Descending Triangle Descending TriangleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYDESCENDING TRIANGLECopy linkShare on TwitterShare on FacebookShare on LinkedinDescending TriangleA descending triangle is a bearish chart pattern often observed in technical analysis of financial markets, including cryptocurrency markets. It’s characterised by two trendlines: a horizontal line that connects a series of similar lows, which represen…
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Symmetrical Triangle A succinct definition of Symmetrical Triangle Symmetrical TriangleLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSYMMETRICAL TRIANGLECopy linkShare on TwitterShare on FacebookShare on LinkedinSymmetrical TriangleA symmetrical triangle is a chart pattern that indicates a period of price consolidation before a breakout or breakdown. It’s characterised by two trendlines converging at a similar slope, connecting a series of peaks and troughs. The pattern is c…
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Bitcoin Resistance and Support Levels — What They Are and How to Trade Them Learn how resistance and support levels for Bitcoin and other cryptocurrencies are formed and how to trade with them. Bitcoin Resistance and Support Levels — What They Are and How to Trade ThemLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin9 Feb 2025|INTERMEDIATE|9 MIN READBitcoin Resistance and Support Levels — What They Are and How to Trade ThemLearn how resistance and support levels fo…
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Bitcoin Resistance and Support Levels — What They Are and How to Trade Them Learn how resistance and support levels for Bitcoin and other cryptocurrencies are formed and how to trade with them. Bitcoin Resistance and Support Levels — What They Are and How to Trade ThemLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBitcoin9 Feb 2025|INTERMEDIATE|9 MIN READBitcoin Resistance and Support Levels — What They Are and How to Trade ThemLearn how resistance and support levels fo…
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