#BreakoutTradingStrategy

Unlock the power of **breakout trading** on Binance Square! A breakout occurs when price surges beyond a well-defined support or resistance level after a consolidation phase—often signaled by low volatility . Key steps: identify horizontal or trendline-based support/resistance, wait for a decisive breakout confirmed by a volume spike , then enter long (on bullish) or short (on bearish). Use tight stop‑losses just beyond the breakout level to avoid false breakouts . Set profit targets based on pattern height or risk‑reward ratios (e.g., 2:1), and trail stops to lock in gains . Mastering breakouts demands patience, disciplined entry, and solid risk management!