Here is a good way of identifying a good entry point when buying a stock that has recently broken out.
After a stock breaks out, it's common for it to experience a retracement, or a temporary pullback, before continuing its upward trend.
During this retracement, it's important to identify a "buy zone" where you want to load up on shares.
This can be done by looking at key levels of support, such as previous resistance levels or moving averages.
Once the stock reaches this buy zone, it's a good idea to buy shares at the best possible price.
This can be done by using a limit order, which allows you to specify the maximum price you're willing to pay for a stock.
It's also worth noting that, as always, it's important to do your own research and make sure the stock is a good fit for your investment strategy before buying.
Best regards,
Casey Stubbs
PS: I see this buy zone on shib check the image below.
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