1) Buy the breakout.
2) Wait for consolidation and then enter the trade.
With option 1 you are certain that you entered the trade, but there is always the risk for a false breakout.
My preference goes to option 2, because it is less risky. Usually after a breakout we see an initial move upwards, followed by a retest of the previous , that now turned support. If this support holds, that is a very signal and that is where I will enter the trade. The downside of this strategy is that sometimes you miss big moves upward that do not come back to the previous , but the great benefit is that the risk of a false break out after retesting the previous resistance is very low.
Let's see what Waltonchain does!
If we reach the target area, then we are in 50-80% profit. We won't get there in one rush, but with some patience we can hopefully just let this trade go and place our sell orders in the target area.