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When the price breaks a support level, traders can identify potential opportunities by:
1️⃣Waiting for Confirmation: Look for a significant price break below the support level on high volume as confirmation of a valid breakout.
2️⃣Consider Retest: After the initial break, wait for a retest of the broken support level, which may present an opportunity to enter a trade in the direction of the breakout.
3️⃣Set Stop Loss and Target: Place a stop loss above the new resistance level and set a target based on the potential price movement to manage risk and maximize reward.
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