#BreakoutTradingStrategy *#BreakoutTradingStrategy* is a popular approach where traders enter positions when the price *breaks above resistance* or *below support*, expecting strong momentum in that direction.

⚡ Core Elements:

1. *Identify Key Levels*

- Support & resistance zones

- Chart patterns: *triangles, flags, rectangles*

2. *Volume Confirmation*

- Breakouts with *high volume* are more reliable

- Low-volume breakouts may lead to *fakeouts*

3. *Entry Strategy*

- Enter right after the breakout candle closes

- Or set a *buy stop order* slightly above resistance (or below support for shorts)

4. *Stop-Loss Placement*

- Just below breakout level (false breakout protection)

- Use ATR (Average True Range) to guide buffer distance

5. *Take Profit Strategy*

- Based on *measured move* from chart pattern

- Use trailing stop to ride strong trends

✅ Best Markets:

- High volatility assets (BTC, ETH, SOL, etc.)

- Works well during *news events*, *market openings*, or *trend resumption*

Want a real-time breakout scanner setup or example for crypto/forex/stocks?