Missed the first move on a coin? No worries — here’s a simple way to trade it afterward:

1. Wait for the price to consolidate near the recent high.

2. Mark that high with a line.

3. Enter the trade when a candle closes above that level (based on the timeframe you’re tracking).

4. Ride the move up to the next potential resistance level.

Where should you place invalidation?

Your invalidation point is the same level where you entered. If the price closes back below that high, the breakout was likely false. That’s your signal to manage risk and exit the trade.

This method works on any coin and any timeframe. Just remember, each timeframe offers a different perspective and outcome.

Check the detailed explanation in both charts provided.

Good luck, and keep learning!