*3. Trend Following Strategy**
**What is Trend Following?**
• Strategy where trades are made in the direction of the prevailing market trend.
• **“The trend is your friend”** is the central idea.
**How to Use It:**
• For a bullish trend, wait for price to form Higher Highs.
• Look for retracements and identify the Higher Low zones.
• **Place a Buy Trade:** Once price enters the HL zone and confirms a bullish move.
• **Stoploss:** Below the HL zone.
**Example:**
• In an uptrend, wait for price to dip into the zone HL Enter a **Buy-long** trade as the bullish OB confirms, and exit at the next HH.
**4. Breakout Strategy**
**What is Breakout Trading?**
• This strategy focuses on capturing price movements when the market breaks through a key level of support or resistance.
• Often occurs after periods of consolidation.
**How to Use It:**
• Draw strong support and resistance levels on your chart.
**Enter:**
• **Buy Order:** When price breaks above resistance.
• **Sell Order:** When price breaks below support.
• Use Volume Indicator to confirm breakout strength.
**Example:**
• If ETH consolidates below $2000 and breaks above with high volume, place a buy order targeting $2200.
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