A trader argues that higher-timeframe support levels are traps where retail traders stack stops. Instead of buying at support, sell into it, then enter on a lower timeframe when price sweeps recent highs. The target is that support level, where cascading stop-losses will trigger.
Lie. Let the market lie and let it tell traders that support is holding. Let it bounce 3, 4, 5 times until they believe it. Because once they believe it, their stop losses are stacked right below. And that's your target. There's one belief that's costing you more money than anything else. And it's this: when a key level holds, that's confirmation to enter. That's what every course teaches. That's what every YouTube video says. Price bounces off support, it holds. Now you have confirmation. Go long, and it makes sense on the surface, but it's wrong. So the belief you need to replace it with is this: when a level holds on the 4-hour or on the daily, that's not your entry, that's your target. And you want to sell into this level, not buy from it. And the way you do it is simple. Drop to the lower timeframes and look at the other side, the highs. Once the market sweeps them, that's your entry. Your stop goes above the extreme, and your target is the level on the higher timeframe that's loaded with all the stops from traders who still believe it's holding. The moment you stop seeing levels holding as confirmation and start seeing them as traps, everything about how you read the market changes.
