#BreakoutTradingStrategy
🚀 BreakoutTradingStrategy: Between the real breakout and the false trap 🚀
Breakout trading can be very profitable, but it also carries the risk of false traps. To identify a true breakout, I rely on a combination of high trading volume and closing above resistance on reliable time frames (such as 1H or 4H). 📈📊
Before entering, I look for a clear price accumulation or a narrow channel indicating upcoming pressure. After the breakout, I do not enter immediately, but prefer to wait for a retest of the broken level (Break and Retest), as it increases the likelihood of a successful trade. 🔁✅
To avoid false signals, I monitor trading volume, and avoid trading during strong news or random market fluctuations. I always use a tight stop loss and set my targets based on the risk/reward ratio. 🧠📏
What is your method for confirming breakouts? Share your insights with
#BreakoutTradingStrategy
and win Binance points! 💥