BIT Langlang · 2023-11-11 — Why Not to Chase Breakouts at Highs: Trend, Room, Divergence Count and Liquidity-Aware Sizing
A review of a week of long and short trades: launch-zone longs in TRB, LINK and ETH and a GAS second-wave trade were sound, while breakouts and heavy adds at highs in LINK, TRB and BNT led to pullbacks, repeated stops and a liquidity squeeze. The speaker distills the teachable core into trend, room and entry point, and uses a SOL example to show how to find the turn after a correction and why repeated attempts require small size.
2023-11-11 · 1:19:35
- Trade one pattern only: confirm trend and upside room first, then find the entry — never reverse-engineer a reason from a single breakout candle.
- An unfinished bull leg doesn't make every price chaseable: breakouts after high-level ranges kept failing, so prefer entries where price stabilizes and turns after a second test of the correction.
- A launch trade at the first small divergence can be held a bit longer; shorten holds at the second and third; if a breakout quickly falls back into the box, exit it as a false breakout.
- Consider a counter-trend short only where a fifth-wave upside false breakout is fully engulfed; if you miss that spot, don't chase the short lower down.
- Multiple stop-protected attempts at a turn are fine only with small size; keep illiquid coins light, and stop immediately once you start flipping and flipping again after stops.
- 8:46 Launch-zone longs: TRB, LINK, ETH
- 11:46 Four GAS flips and relative position
- 14:30 Lessons from LINK and TRB breakouts at highs
- 19:12 ORDI's first small divergence and holding
- 21:50 Shorting TRB's engulfed fifth-wave top
- 30:13 Bottom-fishing the crash and the heavy BNT add
- 50:16 Market outlook and watchlist
- 1:06:00 SOL turning-point entry and repeated attempts
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