💼 Breakout Strategy: How to Make 5% Profit in a Day?
Imagine this: You are sitting in front of the screen, observing the BTC/USDT chart that starts showing signs of a breakout. Trading volume is increasing dramatically, and you know this is the right time to enter.
That's what I experienced a few days ago on Binance. After the price successfully broke through a key resistance level at $30,000, I immediately entered a buy position. It didn't take long, the first profit target at $30,500 was achieved. A 5% profit in a day—feels like a big win!
However, more than just profit, I gained 3 important lessons:
🔥 Volume Is the Key Signal: A breakout without strong volume is like a fire without smoke. Ensure that the volume is increasing to avoid a false breakout.
💡 Stop Loss: The Key Safety Net: I set a tight stop loss below the breakout level. This was a smart decision because the price corrected before continuing to rise.
🧠 Don’t Get Carried Away by Emotions: Quick profits can make us greedy. But discipline remains the key to avoid overtrading.
Will I use this breakout strategy again? Definitely! But this time, I will be more careful in reading the fundamental factors that can suddenly change the market direction.
What about you? Have you ever had a similar experience? Share your story on Binance Square and participate in the 5000 USDC prize giveaway!
