The breakout trading strategy (#BreakoutTradingStrategy ) is considered one of the most effective strategies, especially when applied to currency pairs like BTC/USD.

A true breakout occurs when the price exceeds a strong resistance level with a noticeable increase in trading volume, indicating the entry of new buying forces that may drive the price up sustainably.

From my experience, using indicators such as trading volume and moving averages helps confirm the validity of the breakout and avoid false signals.

Also, it is essential to set stop-loss orders below the previous support level to reduce risks in case the price retraces.

Commitment to patience and not rushing into a trade before confirming the strength of the breakout is the key to success in this strategy.

Do you have experiences with this strategy on BTC/USD? What tools do you rely on to determine entry and exit points?