Consider entering a long position following the all-time high breakout, with a stop loss set at the low of the breakout candle to manage risk. For take profit, use a trailing stop strategy based on the 8-day exponential moving average (EMA). This approach allows for maximizing gains while protecting against potential downturns.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.