Master the Art of Trendline Trading! 📈📉

Identify high-probability entry and exit points using trendline support and resistance.

Key Points:

Trendline Support: A line drawn below the price lows, indicating bullish momentum.

Trendline Resistance: A line drawn above the price highs, indicating bearish momentum.

Breakout: A significant price movement above resistance or below support.

Retest: The price often retests a broken trendline before continuing its trend.

Trading Strategies:

Long Entry: Buy after a bullish breakout above a trendline resistance.

Short Entry: Sell after a bearish breakout below a trendline support.

Stop-Loss: Place your stop-loss below the nearest support level for long positions and above the nearest resistance level for short positions.

Take-Profit: Use technical analysis tools like Fibonacci retracements or price targets to determine profit levels.

Remember:

Risk Management: Always use stop-loss orders to protect your capital.

Confirmation: Combine trendline analysis with other technical analysis tools for increased accuracy.

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