#BreakoutTradingStrategy
The Breakout Trading Strategy relies on entering trades when the price surpasses a strong support or resistance level, indicating a potential start of a strong price movement in the same direction. Traders anticipate a "price explosion" following the break of these levels, and this is often accompanied by an increase in trading volume. This strategy is used in active markets and is suitable for cryptocurrencies and stocks. To mitigate risks, stop-loss orders are placed below/above the breakout point, and targets can be set based on the size of the chart pattern (such as a triangle or channel). The success of this strategy depends on patience and discipline in waiting for confirmation of the breakout.
