I recently executed a trade using a breakout strategy. I was watching a consolidation range on a mid-cap altcoin, and after multiple failed breakouts, I noticed volume was finally building up near resistance. I entered as the price broke above the key level with strong momentum and confirmation from RSI crossing 60. The trade hit my 8% target within hours.
Was the outcome as expected? Yes, the breakout was clean and played out exactly as I anticipated.
Would I adjust my strategy? Next time, I’ll place a partial take-profit earlier to lock in gains, as price retraced shortly after.