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Trading Strategies for a 🟢Bullish Market❣️
Today I'm Share One Of The Most Simplest Trading Strategies For a 🟢 Bullish Market, Specially if you have missed the initial move On a Coin !
Got it! Here's your simplified bullish market trading strategy:💢
1️⃣ Wait for Consolidation: Watch for the price to consolidate around the high.
2️⃣ Mark the High: Draw a line at the high point.
3️⃣ Entry Point: Enter the trade when the price closes above the marked high (adjust for your timeframe).
4️⃣ Ride the Trend: Hold the position until the price reaches the next resistance level.
5️⃣ Set Your Invalidation: Use the marked high as your stop-loss point. If the price closes back below it, exit to avoid further losses (false breakout).
♐Best Market Conditions:
🟢Works well in an uptrend or bullish market.
🔴Avoid using it in a downtrend or bearish market.