You’re already poking the chart with your finger, you see a green candle and think: “Oh, now I’ll jump in – and up we go”. Five minutes later you’re in the red and don’t understand why. On the Ausfinex exchange there’s everything you need not to drain: support and resistance levels, a detailed order book, and convenient orders. But tools won’t help if you don’t know three things that pros do.
1. Don’t enter on a breakout
The sweetest trap for a beginner – the price broke through strong resistance, you’re already joyful, flying in with everything, and a minute later the price falls back. This is a false breakout. It happens in 60% of cases. Wait until the candle that broke the level closes above it. Not at the peak, but at the timeframe close (for example, 5-minute). And only then press “Buy”. On Ausfinex you can switch the chart to 5m and calmly watch.
2. Look at the order book before entering
The chart lies. The order book (on Ausfinex it’s called Order Book) – almost never. If you want to buy, and there’s a huge sell wall hanging above in the order book (for example, 500 BTC at one price), they’ll crush you. The price simply won’t go higher.
3. Don’t trade on news if you’re clueless
“Positive” news about bitcoin came out – you jump in to buy, and the price goes down. You’re shocked. This is normal: the market often buys on rumors and sells on facts. By the time the news hit your Telegram channel, whales already played it out.
Conclusion
The market doesn’t care about your hopes, urgent loans, and the feeling that “now it will definitely reverse”. It goes where it goes. Your task is not to play guessing games. Start trading consciously on Ausfinex.
