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.