Cheat sheet outlines a simple yet powerful strategy based on price action and breakouts. Here's a structured summary of the strategy:

1. Identify a Price Range (Resistance Area):

Look for a level where the price has tested multiple times but has been unable to break through.

2. Wait for the Breakout:

Once the price breaks and closes above the resistance area, don’t enter immediately.

3. Confirm with the Next Candle:

Wait for the next candle to break the high of the breakout candle.

This candle confirms the breakout, and that’s where you should enter your trade.

4. Set Your Invalidations (Stop-Loss):

The breakout area becomes your stop-loss or invalidation point if the trade doesn't go in your favor. This helps limit losses.

5. Apply the Strategy on Any Timeframe:

If you're using the 1-hour chart, your entry and exit should be based on that timeframe.

Similarly, on the daily chart, use the daily candlesticks for confirmation and decisions.

6. Trend Alignment:

This strategy works best when the trade is in line with the overall trend.

For a bullish setup, the price should be in an uptrend.

7. Adapting to Market Conditions:

The strategy works across different market conditions but is particularly effective in a trending market, which could be the current situation.

By mastering this, you can simplify your trading and improve your chances of catching high-probability moves!

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