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Trend Trading Crypto: Breakouts vs. Pullbacks — Which Strategy Reigns Supreme?
Do you want to learn crypto trading? Are you familiar with intraday trading or swing trading? Did you know if you buy on the breakout or pullback, you will always be profitable?
Intraday
If you are most interested in intraday trading, there are many ups and downs every day. The range of the fluctuation is limited. If you are going to wait for a pullback, you will never have a great advantage. But if you pay more attention to breakthroughs, the chances of a maximum winning rate are always high. However, it could be possible you are participating in the false breakout, but you should use a stop loss to avoid further losses.
In intraday trading, participating in the breakthrough is always profitable compared to a pullback, and your winning rate is always high.
Swing trading
If you are more interested in participating in the daily waves or trends, then buying on a pullback is profitable. Most of the coins in the crypto world may have a pullback during the Bitcoin trendy cycle. Not a single coin can rise or fall all in one go.
Failure
- If the breakout turns out to be false, you will suffer losses. So, before participating in any breakthrough, first…
