In bull markets, traders can look for opportunities to trade breakouts and momentum. A breakout occurs when the price of an asset breaks through a significant level of support or resistance, indicating a potential shift in the market's sentiment. In bull markets, traders can look for bullish breakouts, where the price moves higher through resistance levels, signaling potential further upside. Momentum trading involves identifying and following trends in the market, which can be especially effective in a bull market, where the overall trend is upward.
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