Cryptocurrency Q&A
What is the 1 2 3 breakout strategy?
What is the 1 2 3 breakout strategy?
isabella_doe_socialworker
Mon Dec 16 2024
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5 answers
1196
I'm interested in learning about the 1 2 3 breakout strategy. Could someone please explain what it is and how it works? I'd like to understand the steps and principles behind this trading strategy.
5 answers
Maria
Wed Dec 18 2024
The 123 setup is a technical analysis tool that comprises three crucial pivot points.
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SakuraBlooming
Tue Dec 17 2024
The identification of the 123 reversal pattern is contingent upon Pivot Point 2. This point serves as the verification of the pattern's reversal.
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Elena
Tue Dec 17 2024
Traders aiming to capitalize on the 123 formation set their targets at a distance equivalent to the size of the entire pattern. This distance is measured from Pivot Point 1.
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Raffaele
Tue Dec 17 2024
Managing risk is vital in trading, and for the 123 setup, the stop loss should be positioned beyond Pivot Point 3. This ensures that any adverse market movements beyond this point will trigger an exit, limiting potential losses.
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Lorenzo
Tue Dec 17 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of traders. These services encompass spot trading, futures trading, and a secure wallet solution.
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