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Breakout-trade

SUSHI anyone? part IILast time I draw SUSHI chart we scored almost 50% in profit. You can find that chart in the link below. SUSHI did double bottom, broke out already from this descending channel it formed. Shall we see a bounce down from this significant former support or we will just push through? In my opinion, we have a nice chance for one more retest before heading up, but it really doesn't matter. If rejected, we could take short trade and take long when bounced from support formed. I do not have to say that this is BTC dependant...
by PhilosophersStone
2
CTK ANOTHER LEG UP?The last CTK idea brought my followers a nice 40% profit. But this won't work if you don't set up your alarms for these levels. Looks like CTK found a local bottom and visited it 3 times... Now under the former support level, spiked nicely with good volume, but looks like that most traders decided to take profit under it. This small consolidation losing volume and could be just a pause before a breakout. If gets rejected, we have nice support for the target to take a SHORT trade. Might take some time, so set an alarm. GL Traders
by PhilosophersStone
BTC BITCOIN CORRECTION BEFORE BOUNCE AND BLASTING LONG OPP!$BTC might drop here in price evaluation due to fall in volume, which may mean reversal. Could see a drop to the 20EMA on the 1hrly (roughly around the 1 on the fib retracement) OR a drop to the YELLOW resistance trend line formed on the daily that we broke through recently. Either way, we could see a retest and then a easy bounce up to around 47k due to lack of visual range volume traded around this range. I will be activating my long around the $41.5k USDT and ride it all the way to the top with 10x leverage and a stop loss of 41k. 🚀🚀🚀🚀
Long
by AKAK2000
Sell signal on gold! On Friday we saw price breaking out of the ascending trendline followed by a nice retest. Then we had a downside impulse that confirmed the reversal. Right now, we expect this downside move to continue. First target will be $1793 and if we see a breakout there we could see even lower values. Make sure to watch out for our analysis so you can see how it goes. The level at which this setup is ruined is $1826! In case we see price closing above it, then that would mean that this downside move doesn't have enough strength to continue and we shouldn't be in short positions. Best entry signal would be a candle with a long wick to the upside or a breakout of previous lows. 👍 Please support this idea with like and comment so we can help more people together. Thank you in advance! 🙏
FX_IDC:XAUUSDShort
by ForexTrendline
31
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!---------------------------------- Support and Resistance explanation: Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof. The market then moves lower, having reversed, back to the floor, where it consolidates. The concept of Support and resistance is important for a number of reasons. --> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s. It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
NSE:EICHERMOTEducation
by Trade-Technique
71
WKHS confirmed breakout out of ascending trianle pattern. Few things you need to look for a perfect play in this pattern: 1. Ascending triangle are the most reliable in an uptrend, ideally when its formed after golden cross of 50 and 200 SMA. 2. Must have higher lows with increased short selling activity near horizontal upper line. 3. If you have breakout and on top of that you have new 52 weeks height, you have a confirmed winner. It will be happening for many days in the row :). 4. Be aware that price may go much higher if all of this things are in place. Usually traders take profit on pattern's height but it is not the limit, just short term target. 5. Calmly react on short whining that will be all over the social media. But this is important confirmation that you are in the right place going long here. Some people just never learn, they will keep on shorting the stock where lows are higher and higher and pay no attention to that. Denial... Then on the breakout many shorts will add more to their position and often they go all in. Be happy about that, those are your buyers at your target level. There is nothing new you can learn from a second kick from the horse. I am sure Workhorse will punish some losers many times because they never learn. Good luck on your investment. If you made money after reading this, please thank me by liking this post. That will encourage me to post many more of my picks. Thank you
NASDAQ:WKHSLong
by Trade2Double