Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Trading channels are one of the most common and important chart patterns. Indeed, for the most of the time, price tends to consolidate within a limited range of excursion, as manifestation of the buying and selling activities of market participants.
Breakout trading is used by active investors and traders to take a position within a trend's early stages. Generally speaking, this strategy can be the starting point for major price moves, expansions in volatility and, when managed properly, can offer limited downside risk.