#BreakoutTradingStrategy In trading, the breakout strategy is just that: looking for when the price of an asset (be it a stock, cryptocurrency, or currency) 'breaks' key levels where it has been 'stagnant'. Experts love it because, in theory, it allows you to enter right at the start of a strong movement. These 'key levels' are usually: * Supports: a minimum price that the asset has had difficulty breaking below. * Resistances: a maximum price that the asset has had trouble surpassing above. When the price finally breaks one of these levels with volume (many transactions), it is a sign that there is new momentum. Traders look to buy when it breaks a resistance (expecting it to go up more) or sell when it breaks a support (expecting it to go down more). It is an exciting strategy because if you get it right, you can make quick profits. However, not everything is rosy. Experts warn that there are 'false breakouts', where the price breaks a level and then reverses. That's why it's key to combine it with other tools and good risk management. It's like waiting for the river not only to overflow but for the current to be really strong and sustained.#AltcoinETFsWatch $BTC