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Trading Strategies for a đąBullish MarketâŁïž
Today I'm Share One Of The Most Simplest Trading Strategies For a đą Bullish Market, Specially if you have missed the initial move On a Coin !
Got it! Here's your simplified bullish market trading strategy:đą
1ïžâŁ Wait for Consolidation: Watch for the price to consolidate around the high.
2ïžâŁ Mark the High: Draw a line at the high point.
3ïžâŁ Entry Point: Enter the trade when the price closes above the marked high (adjust for your timeframe).
4ïžâŁ Ride the Trend: Hold the position until the price reaches the next resistance level.
5ïžâŁ 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).
âBest Market Conditions:
đąWorks well in an uptrend or bullish market.
đŽAvoid using it in a downtrend or bearish market.