#BreakoutTradingStrategy — when is it time to enter a trade?
One of the most popular strategies in crypto trading is the Breakout Strategy.
The essence is simple: you wait for the price to linger in a range for a long time, and you enter at the moment it sharply breaks out upwards or downwards, breaking through support or resistance. This is a signal: the market has woken up, movement begins.
📊 Often such breakouts are accompanied by an increase in volume - an important confirming factor.
📉 False breakouts also occur. That's why traders use stops beyond the level and wait for a retest of the broken zone.
⏳ Breakout trading works especially well during periods of high volatility. The main thing is not to enter "on emotions," but according to a clear system.
❓Do you use breakouts in your strategy? Or do you prefer to catch retracements?