There are two strategies to enter the market:

Pull Back:

Pros: Snag a better entry point, adhering to the "buy low, sell high" principle.

Cons: The anticipated pullback might not happen, causing a missed opportunity.

Breakout:

Pros: You're more likely to catch significant price moves and trends.

Cons: Risk of 'false breakouts' where the price doesn't continue in the expected direction.

Choose your approach wisely based on the market context and your risk tolerance.