#BreakoutTradingStrategy Breakout Strategy — a powerful tool for traders hunting for strong price movements. It is based on entering the market at the moment when the price breaks through key support or resistance levels. This can be a signal for the beginning of a new trend. The main thing is to enter on time and set a stop-loss correctly to minimize risks. It is suitable for both intraday trading and larger timeframes. Don't forget to use volumes and indicators to confirm the breakout.
Remember: false breakouts are a common occurrence. Therefore, risk management and signal confirmation are the key to success.