This week’s standout trade came from following a breakout-retest strategy on an altcoin. The coin had broken out of a long-standing descending channel. I didn’t jump in immediately. Instead, I waited for a retest of the breakout level and a confirmation candle. Once that happened, I entered and placed my stop-loss below the support zone. The trade moved steadily upward. I added to my position mid-trend using a scaling strategy. It hit my target resistance two days later. This trade reinforced my belief that confirmation and patience are better than chasing breakouts. Let the market come to you.
