Opened long at $ETH on the 3rd tough of the trend line.
When the price hits it and rebounds 3 times, the trend is considered to be strong enough to be used for trades base. Still have the position opened.
When the price hits it and rebounds 3 times, the trend is considered to be strong enough to be used for trades base. Still have the position opened.
Cool!
Mate, how do you play on these breakouts?
Any particular rules?
This may be helpful in terms of breakouts trading:
Intraday techniques. Market movements
The best movements often after breakouts (as you saw in many of my trades). Breakout acts like a confirmation and a signal. You can enter aggressively (on the confirmation candle after the breakout) and conservatively (trade retest*). It is also a good place to set your stop loss at or near.
*Retest is the pattern when the price breaks the resistance out and then returns to it and rebounds, making it become the support (the same is with the support line, which becomes the resistance)
Thank you for the info shared!
I see at the latest your trade you shorted and then the second breakout happened. You are making the market
Definitely, you will earn if you have enough knowledge. Leaving job depends... Sometimes, when you are confident in it, you get extra freedom and more money without dozens of employees who you are getting annoyed of. On the flip side, suppose that even trading full time you need to have an emergency exit (in case of black stripe I know where to return)
Cheers!
