#BreakoutTradingStrategy 📊 #BreakoutTradingStrategy – My Take 🚀

Breakout trading is one of my favorite strategies when markets are heating up! I look for strong momentum when price breaks above resistance or below support with volume confirmation.

🔍 How I Spot Real Breakouts:

✅ Volume Surge: A true breakout often comes with a noticeable volume spike.

✅ Retest of Breakout Level: I wait for a successful retest of the broken level before entering.

✅ Multiple Timeframe Confirmation: I cross-check breakout signals on higher timeframes (like 4H or daily) to reduce fakeouts.

⚠️ Avoiding Fakeouts (False Breakouts):

❌ Don’t chase candles! I avoid entries if the candle closes too far from the breakout level.

⏳ Patience is key—wait for confirmation and avoid impulsive trades during news spikes.

🛡️ Risk Management:

🔐 I always set a tight stop-loss just below the breakout level to cut losses early.

📈 I use trailing stop once in profit to lock in gains.