#BreakoutTradingStrategy The breakout strategy aims to enter a trade as soon as the price manages to break out of its range. Traders look for strong momentum, and the breakout itself is a signal to enter a position and profit from the subsequent market movement.

How to utilize a breakout entry in your trading:

One way to take advantage of a breakout entry is to enter a trade when the price has broken through a resistance level. For many traders, breaking the resistance level indicates that the price has momentum to go higher.

This is based on the belief that breaking resistance may indicate that investors are bullish and will support the price movement towards higher levels.