The idea is trade the break out above red line with tight stop loss. If it gets strongly rejected on red line wait for support on green line and buy there.
Both condition will offer a low risk entry.
Disclaimer: The information is to be used for educational purposes only. Not a recommendation to buy or sell.
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.