*3. Trend Following Strategy**

**What is Trend Following?**

• Strategy where trades are made in the direction of the prevailing market trend.

• **“The trend is your friend”** is the central idea.

**How to Use It:**

• For a bullish trend, wait for price to form Higher Highs.

• Look for retracements and identify the Higher Low zones.

• **Place a Buy Trade:** Once price enters the HL zone and confirms a bullish move.

• **Stoploss:** Below the HL zone.

**Example:**

• In an uptrend, wait for price to dip into the zone HL Enter a **Buy-long** trade as the bullish OB confirms, and exit at the next HH.

**4. Breakout Strategy**

**What is Breakout Trading?**

• This strategy focuses on capturing price movements when the market breaks through a key level of support or resistance.

• Often occurs after periods of consolidation.

**How to Use It:**

• Draw strong support and resistance levels on your chart.

**Enter:**

• **Buy Order:** When price breaks above resistance.

• **Sell Order:** When price breaks below support.

• Use Volume Indicator to confirm breakout strength.

**Example:**

• If ETH consolidates below $2000 and breaks above with high volume, place a buy order targeting $2200.

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