Perfect example of Breakout Failure @Fivestar

6 dic 2024

Stock: Five-star
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Stock given the Breakout with good volume after one and a half years.
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Nicely closed on breakout day and bullish close.
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Next-day entry triggered and consolidated for a few days.
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And look how it has broken the low of the breakout candle and not given a chance for the exit, and it's how breakout fails fast and furious
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So keeping SL and getting out of a trade is important.
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Always manage your risk# Follow your rules # Be discipline
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For learning purposes