Technical analysis by Atmaseer about Symbol BTC: Buy recommendation (5/18/2024)

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.