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Looking to make steady profits in this market cycle? Try this trading approach.
**Range-bound rhythm**: When the price repeatedly oscillates between $3280 and $3350, the main strategy is to sell high and buy low. The key is to set strict stop-losses, recommended within the $50–$80 range. Enter and exit quickly, and avoid betting on a big move to hold your position, as this often leads to losses.
**Breakouts are the opportunity**: Once the price effectively breaks above $3350 (remember to watch the trading volume), you can lightly go long, targeting $3400–$3450. Conversely, if the price drops below $3260 with increased volume, the shorting space is between $3230 and $3200.
**No signals, just wait**: If the price is hovering around the midline with no significant change in volume, the wisest move is to stay put. Wait for a genuine breakout signal before acting. Maintaining a calm mindset increases the chances of making profits.