#BreakoutTradingStrategy

A breakout trading strategy is a popular approach where traders aim to profit from an asset's price moving outside a defined support or resistance level, often accompanied by increased trading volume. This movement can signal the start of a new trend or the continuation of an existing one.

What is a Breakout?

A breakout occurs when the price of an asset decisively moves above a resistance level (for a bullish breakout) or below a support level (for a bearish breakout). These levels represent price barriers that the asset has previously struggled to cross.