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ENSIGN TRADING
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JUST IN: 🇺🇸 Kamala Harris economic adviser confirms plan to tax unrealized
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The Break and Retest Strategy in Trading The break and retest strategy is a popular technique among traders to capitalize on price movements following a breakout from key support or resistance levels. Here’s how it works and why it’s important: How the Break and Retest Strategy Works: Breakout: - A breakout occurs when the price moves above a resistance level or below a support level with significant volume, indicating a potential trend change. Retest: - After the breakout, the price often pulls back (or retests) the broken level, now acting as support after a breakout or resistance after a breakdown, before continuing in the breakout direction. Entry Point: - Traders typically enter a position during the retest, which offers a more favorable risk-to-reward ratio. The idea is that the broken level will hold, leading to a continuation of the trend. Stop Loss and Take Profit: - Traders set stop-loss orders slightly below the broken resistance level when buying (or above the broken support level when selling) to manage risk. Take profit levels can be based on expected price movements or technical indicators. Importance of the Break and Retest Strategy: Higher Probability Trades: - This strategy allows traders to capitalize on confirmed breakouts with lower risk, as they wait for the retest before entering a trade. Increased Risk Management: - By entering trades after a retest, traders can set tighter stop-loss orders, aiding in managing potential losses. Better Entry Points: - The retest often provides more advantageous entry points than entering during the initial breakout, minimizing false breakout impacts. Psychological Confirmation: - The retest confirms the breakout, enabling traders to feel more confident in their trades. Overall, the break and retest strategy enhances traders' ability to make informed decisions in various market conditions, potentially leading to more consistent and profitable outcomes.
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💰 Reddit founder says things like #Bitcoin “are an opportunity for us to have a store value that is not backed by a single country.” 🔥
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👍Google's AI note-taking and research app, NotebookLM, is adding a new “Audio Overview” feature. Since its launch, the NotebookLM has used text to summarize and explain source materials, but now, it can do so out loud using audio. The feature is geared toward people who grasp materials better by listening to explanations as opposed to reading them.
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📱 #Apple Intelligence might be the new hotshot in town, but iOS 18 is offering many features beyond that. The company announced Monday at its iPhone 16 “Glowtime” event that the new software update for iPhones will arrive on September 16. iOS has some notable aesthetic updates, including the ability to place icons anywhere on the home screens and leave blank spaces. Plus, you can change the color of icons and even make them larger. Using Siri will now light up the edges of the iPhone instead of appearing as a glowing orb at the bottom. What’s more, the control center now has a multi-page layout with the ability to customize and add controls with support for third-party apps. You can also swap out the default flashlight and camera icons on the lock screen.
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🌍 Top 10 Countries for #Crypto Adoption According to Chainalysis🚀 🔍 Chainalysis has released its annual ranking of countries by cryptocurrency adoption, based on the Global Crypto Adoption Index. This index is calculated by analyzing millions of crypto transactions and over 13 billion visits to major crypto service websites. The top five countries leading the way in crypto adoption are: 1️⃣ India 2️⃣ Nigeria 3️⃣ Indonesia 4️⃣ USA 5️⃣ Vietnam The ranking considers both major exchanges and decentralized services, evaluating the volume of funds in retail transactions. 🌐💸
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