Step 1:
Identify support/resistance levels on the chart.
Example: Bitcoin is stuck between $60,000 (support) and $62,000 (resistance).
Step 2:
Set an alert/entry slightly above resistance for a breakout buy.
Example: Place a buy order at $62,100.
Step 3:
Set Stop Loss just below resistance
Example: Stop Loss at $61,700.
Step 4:
Set a Target Price based on next resistance or % gain.
Example: Take Profit at $63,500.
