**Breakout Trading Strategy for Bitcoin (BTC) Using Current Price (\~\$108,815):**
To capitalize on a breakout, watch for BTC to move above a key resistance—today that’s around **\$109,073** (the day’s high). A breakout confirmed by rising volume signals strong momentum.
* **Entry Point**: Buy slightly above the breakout zone — around **\$109,150**
* **Target**: Set your profit target near the next resistance level — around **\$111,000**
* **Stop-Loss**: Place it just below support at **\$108,500**
**Example**: BTC ranges between \$108,500 and \$109,073. Once it pushes past \$109,073 with a volume surge, enter at \~\$109,150. Ride the move up to around \$111,000 and exit before any signs of a pullback.
**Indicators to Use**:
* 5-minute chart for breakout timing
* Volume spikes for confirmation
* RSI/MACD to filter out fake breakouts
**Tip**: Combine price action with volume confirmation for the most reliable setup.
