#BreakoutTradingStrategy #BreakoutTradingStrategy
š Breakout Trading Strategy Explained š
A Breakout Trading Strategy focuses on entering a trade when the price breaks through a key level of support or resistance with increased volume. Itās one of the most popular and effective strategies in both crypto and traditional markets.
š Key Points:
Identify strong support/resistance zones
Watch for volume confirmation
Set stop-loss just below the breakout level (for longs)
Use targets based on previous price ranges or Fibonacci levels
š” Tip: False breakouts happen! Always wait for candle close confirmation or retest before jumping in.