#BreakoutTradingStrategy

๐Ÿ”“๐Ÿš€ Breakout Trading Strategy

๐Ÿ“˜ What is a Breakout?

A breakout happens when the price of a cryptocurrency moves outside a defined range, such as:

๐Ÿ”ผ Above resistance = Bullish breakout ๐Ÿ“ˆ

๐Ÿ”ฝ Below support = Bearish breakout ๐Ÿ“‰

๐Ÿ› ๏ธ How It Works

1. ๐Ÿ” Identify a Range (Consolidation Zone)

Look for patterns like:

๐Ÿ”บ Ascending/Descending Triangle

๐Ÿšฉ Flags & Pennants

๐Ÿ”ฒ Rectangles

๐Ÿชœ Wedges

2. ๐Ÿ“ Mark Key Levels

๐ŸŸฉ Support = Price floor

๐ŸŸฅ Resistance = Price ceiling

3. ๐Ÿ“Š Watch for a Break + Volume Confirmation