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RE: #Burnsteem25 || Steemit Crypto Academy Contest / S3W4 – Cryptocurrency Trading by @simonnwigwe
I'm a scalp trader, I'm also very careful about fake out. But with the 1-hour time frame analysis, my insurance on the analysis carried out is certain.
Well, you are right, lower timeframe charts seems to always gives fake movement, and as well there are time when spikes could mislead traders and led them to a trap, I believe with 1hr frame, you get to see real time movement and hold your position for long.
Thanks my friend for your comment and contributions