#BreakoutTradingStrategy My strategy for identifying and confirming breakouts involves looking for decisive price closes beyond significant support/resistance levels, preferably accompanied by an increase in volume. To avoid false signals, it is crucial to wait for a reconfirmation, such as a successful retest of the broken level or the formation of continuation candle patterns.
Managing trades around key levels includes setting tight stop-losses just outside the breakout level to limit risks. Additionally, defining clear profit targets based on market structure or the next levels of resistance/support is essential to maximize favorable moves and secure profits.