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Breakoutzone

BCHUSDT is testing the 4h resistance 🦐BCHUSDT is testing the 4h resistance inside an ascending channel. IF the price will have a breakout upward, we could apply our strategies in order to open a new long position, otherwise, if the price will lose the weekly support, We can see a new bearish scenario. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
20
How To Trade Breakouts !!Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain How To Trade Breakouts , everything you need to know about this strategy is here. First we got to understand what is a breakout but before u start using this strategy take your time and understand the information well . so what is a breakout : a breakout occurs when the price breaks out and closes above a resistance level or below a support level A support line can be identified by connecting the points of low and the price bouncing back up , the support line needs 2 point to be formed but I think 3 gives a stronger signal and its safer. the resistance line is the same as the support line but it connects the highs instead of the lows and they act as the ceiling on which the market bounce down after hitting it. Both the Support & Resistance lines can be horizontal or angled . so when we combine the support and resistance together we get a trading range which keeps the market price in a certain range until the price makes a break either above or below. trading ranges are formed form the supply and demand and the market phycology so when the price breaks out of the range it signals a change in the supply and demand and the beginning of an upward or a downward trend so lets talk about the concept of a breakout For a breakout to happened you one need a support or a resistance line u don’t need both , but having both will create a trading range which will help you take advantage for breakouts in both directions up or down . There are several ways to trade breakouts : 1.At the actual breakout (this could be very risky in case it was a Fake breakout) 2.Using a pending order at a higher price then the market range 3.Waiting for the conformation on the breakout. Now lets talk about fake breakouts , it happens when the price breaks past the support or resistance level and moves back into the trading range as you see here : waiting for a confirmation is really important as u minimize the risk you are talking , this way u will lose some of the momentum of the trend but u will insure that’s the trend is going the way you want it to go. Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading & watching .
BITSTAMP:ETHUSDEducation
by GabiDahduh
4
BTCUSDT could retest 40k 🦐The price created a nice double bottom on the weekly support as expected ( CHECK MY IDEA ). After the breakout from 4h trendline, the price is testing the daily resistance. IF the price will have a breakout from it, and turn the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
28
GOLD FUTURES - UPSIDE BREAKOUT IN PROGRESS !M1 : Resistance downtrend line of the channel under attack. Above TS. Next resistance level @ 1895 ahead of 2028, 2136 and 2244 W1 : Downtrend resistance line breakout in progress and more important, top of the clouds under attack too. A weekly closing above 1880 would be seen as positive in opening the door for the targets above mentioned. D1 : Above the clouds. Ongoing uptrend channel with a attempt to breakout the top of this channel Watch D1 support zone between 1830 and 1800. A failure to hold above that zone would put the focus on the clouds zone support H4 : Above the clouds and the cluster (KS,MBB and TS) First support @ 1860 ahead of MBB @ 1850 H1 : Above the clouds in a sideways price action (1860-1875) M30 : Within the clouds. Watch 1860 as mentioned in H4. M15 : Below the clouds M5 : Breakout attempt of the top of the clouds in this time frame CONCLUSION : GLOBAL PICTURE IS BULLISH FOR GOLD. WATCH 1760-1750 AS SUPPORT ZONE ! A FAILURE TO STAY AND HOLD ABOVE THIS AREA WOULD TRIGGER FURTHER SELLING PRESSURE CALLING FOR LOWER LEVELS TOWARDS THE 1700 AREA, FORMER DAILY CLOSING LOW !
COMEX:GC1!
by Ironman8848
POWW Breakout Stock AlertBREAKOUT STOCK ALERT $POWW - AMMO, Inc. - Common Stock Initial Alert Price: $6.15 Potential Price: $8.94 Potential Gains: 45.37 Stop Loss Limit: $ POWW is currently showing signs of retesting the $8.94 Levels of Resistance going into the next few days. Anywhere between $6.00 - $6.20 is a nice buy zone. This buy zone was created from the company announcing a $100M Stock Offering at $5 to access more liquidity, allowing for the potential to hop in to this trade for a great for a great swing trade but also a longer term hold. ith a Democratic Administration, we typically see strong movements in the Firearms Sector. Looking for a 40 - 45% Swing on the trade. The company is currently not showing any fundamental information at this time to provide a better forecast for the long-term hold. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
NASDAQ:POWWLong
by MyMIWallet
AAVEUSDT is inside an ascending channel 🦐After our previous idea the price is creating an ascending channel and now the price is testing the lower trendline. IF the price will have a breakout from 4h resistance, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
BNGO Breakout Stock AlertBREAKOUT STOCK ALERT $BNGO - Bionano Genomics, Inc. - Common Stock Initial Alert Price: $9.18 Potential Price: $13.22 Potential Gains: 44.01 Stop Loss Limit: $ Looking for a 44% Swing on BNGO as we look to recover support above the $9.39.With the markets reversing from the pullback due to rising interest rates, we're looking of confirmation of support above those $9.39 of course to ensure we will continue moving higher to those $13.22 Levels of Resistance that we're looking to retest. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
NASDAQ:BNGOLong
by MyMIWallet
4
ZOM Breakout Stock AlertBREAKOUT STOCK ALERT $ZOM - Zomedica Corp. Common Shares Initial Alert Price: $2.12 Potential Price: $2.35 Potential Gains: 10.85 Stop Loss Limit: $ As most of you may know, we've been monitoring ZOM over our Pre-Market and Saturday Coffee & Stocks Sessions, and we've been waiting for confirmation that the stock can break back above the $2.12 Price Levels. We will be placing a position on the trade at the $2.12 Entry Level and looking for a minimum 10% Swing while the stock shows momentum of potential finding support above those $2.12 Current Levels of Resistance. We will be looking to retest the $2.35 next to achieve that minimum $2.35 Levels of resistance next and then potentially moving higher back to those $2.91 Levels of Resistance for a potential 40% Swing on the Trade overall as long as the trade meets our expectations. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
AMEX:ZOMLong
by MyMIWallet
4
MOGO Re-Entry Breakout Stock AlertBREAKOUT STOCK ALERT $MOGO - Mogo Inc. - Common Shares Initial Alert Price: $8.11 Potential Price: $10.18 Potential Gains: 25.52 Stop Loss Limit: $ Re-Entry Trade Alert: MOGO has consolidated from the $11.86 Breakout by finding strong support at the $6.85 Price Levels and currently confirming a reversal back to the upside to form a continuation pattern and potentially retest the $10.18 Levels of Resistance. The company has taken great steps in expanding it's online payment platform by announcing that it will be allowing Google Pay, Apple Pay and Samsung Pay it's online payment solution. The company also allows for Canadians to gain access to Cryptocurrencies, specifically Bitcoin and saw 300% gains from January to February in transactions. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
NASDAQ:MOGOLong
by MyMIWallet
XTNT Breakout Stock Alert UpdateBREAKOUT STOCK ALERT UPDATE $XTNT - Xtant Medical Holdings, Inc. Common Stock Initial Alert Price: $1.29 Price High: $6.58 % Gains/Losses: 410.08% (+386% More Than Expected) Potential Stop Loss: $6.251 XTNT broke out to $6.58 providing a 410% Return on our Initial Alert on January 5th, 2021 after the OrbiMed announced a 94.8% Stake in the company. Scalping profits on a breakout such as this one will encourage one to conduct our Split and Run Tactic of closing half of position to secure initial investment risks while allowing profits to continue collecting profits as XTNT is showing signs of falling into a continuation pattern after consolidating to the $5.50 Price Levels. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
AMEX:XTNTLong
by MyMIWallet
HRTG Breakout Stock AlertBREAKOUT STOCK ALERT $HRTG - Heritage Insurance Holdings, Inc. Common Stock Initial Alert Price: $10.01 Potential Price: $11.88 Potential Gains: 18.68 Stop Loss Limit: $ Looking for a potential 18% Swing Trade on HRTG over the next few weeks after finding strong support on the $9.09 Levels of Support and showing strong momentum swings to the upside. We first need to confirm that the stock is able to break through the $11.05 Current/Mid-Levels of Resistance to essentially churn sideways until it retest those $11.88 and potentially finds support above those levels. If we're able to discover strong support above the $11.88, we will then trade between the $11.88 - $13.56 Price Ranges and could potentially see a 35-40% Return on the Trade overall, dependent upon the length of time we hold the trade. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
NYSE:HRTGLong
by MyMIWallet
1