Chasing green lights is a costly mistake
One of the most common mistakes new traders make is chasing green lights. When a coin suddenly jumps 20-30%, the fear of losing takes over. Many traders enter too late and get caught in the pullback.
Smart traders should be patient. They wait for confirmation and a healthy retracement before entering a trade.
A better way to enter the business
Instead of chasing price, follow a clear plan:
- Mark important resistance levels on the chart.
- Wait for strong volume to confirm the move.
- Let the price pull back and form support.
- Enter at the breakout, not the top.
Tools like Fibonacci Retracement and RSI indicators help improve entry timing. They add affirmations and reduce emotional judgments.