BitcoinLong
BTC Possible Entries
1. Breakout Strategy
Enter a long position if ETH breaks through the resistance level or the previous high, indicating a potential bullish trend continuation. This strategy capitalizes on the momentum of a breakout, aiming to ride the upward trend.
2. Retracement to First Base Strategy
Consider entering a long position if ETH retraces to the first base or the initial point of contact with the resistance level. This strategy takes advantage of a potential bounce from a key support area, offering a favorable risk-reward ratio.
3. Retracement to Breaker Block Strategy
Enter a long position if ETH retraces to the Breaker Block, a critical support zone that has previously acted as resistance. This strategy is based on the concept that once resistance turns into support, it can become a strong buying opportunity.
Enter a long position if ETH breaks through the resistance level or the previous high, indicating a potential bullish trend continuation. This strategy capitalizes on the momentum of a breakout, aiming to ride the upward trend.
2. Retracement to First Base Strategy
Consider entering a long position if ETH retraces to the first base or the initial point of contact with the resistance level. This strategy takes advantage of a potential bounce from a key support area, offering a favorable risk-reward ratio.
3. Retracement to Breaker Block Strategy
Enter a long position if ETH retraces to the Breaker Block, a critical support zone that has previously acted as resistance. This strategy is based on the concept that once resistance turns into support, it can become a strong buying opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.