🎯 How to Plan Your Trades – 3 Simple Strategies
Whether you’re new or experienced, having a game plan makes all the difference. Here are 3 common trade setups you should know:
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🔹 Plan 1: Sharp Move Up → Pullback or Reversal
What it looks like:
Price shoots up fast, spikes, then quickly crashes.
Why it happens:
FOMO kicks in and people rush to buy.
Smart traders sell into that hype.
Price then drops hard, breaking support.
How to trade it:
Don’t chase the spike – it’s risky.
Wait for the drop, then look to buy near earlier support/demand zones.
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🔹 Plan 2: Sideways Move → Breakout
What it looks like:
A strong move up, followed by price moving sideways (consolidating), then a breakout.
Why it happens:
Market takes a breather after a strong move.
Buyers and sellers balance out for a while.
Breakout means buyers are back in control.
How to trade it:
Keep an eye on the range.
Buy when price breaks out or pulls back to retest the breakout zone.
Great for riding the trend.
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🔹 Plan 3: Breakout → Retest → Bounce
What it looks like:
Price breaks a key resistance, pulls back to that level, then bounces off.
Why it happens:
Breakout triggers buying.
Some traders take profit, causing a small dip.
Others jump in on the dip, turning old resistance into new support.
How to trade it:
Don’t rush on the first breakout.
Wait to see if price holds during the retest.
If it does, that’s your entry.
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💡 Final Tip:
Be patient, let the market come to your setup, and never trade on emotion.
Good luck — and keep learning! 📈💪