#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.