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Missed the initial move on a coin ? No problem
One of the easiest way to trade when you miss the initial move on a coin
1- Wait for the price to consolidate around the high
2- Draw a line on the that high
3- Entry when the price will close a candle above ( Depending on the timeframe you're watching)
4- Continue to ride it towards the next possible level.
Where will be your invalidation ?
The same area that you choose for your buy will be your invalidation
if the candle close back below that high, this means the breakout is fake and now you should be managing your risk and exit the trade.
Read the detail on both pictures.
Keep learning
One of the easiest way to trade when you miss the initial move on a coin
1- Wait for the price to consolidate around the high
2- Draw a line on the that high
3- Entry when the price will close a candle above ( Depending on the timeframe you're watching)
4- Continue to ride it towards the next possible level.
Where will be your invalidation ?
The same area that you choose for your buy will be your invalidation
if the candle close back below that high, this means the breakout is fake and now you should be managing your risk and exit the trade.
Read the detail on both pictures.
Keep learning
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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