REFER TO PREVIOUS "IDEA" TO SEE WHERE THE GREEN TREND LINES COME FROM
The following is an example of 2 possible trades on ETH depending on whether price will continue out of the bullish pennant on the hourly or if it will seek to pull back to previous support.
In either situation here's some general steps for entering safely:
1. Wait for break of trend
2. Wait for retest of trend line
3. Buy on continuation away from trend line
4. Set stop losses based on personal Risk:Reward Ratio
The following is an example of 2 possible trades on ETH depending on whether price will continue out of the bullish pennant on the hourly or if it will seek to pull back to previous support.
In either situation here's some general steps for entering safely:
1. Wait for break of trend
2. Wait for retest of trend line
3. Buy on continuation away from trend line
4. Set stop losses based on personal Risk:Reward Ratio
