š Breakout Trading Strategy ā Quick Guide
Breakout trading helps you catch major moves early when price breaks key support/resistance levels with volume.
š Core Elements:
⢠Consolidation Zone
⢠Breakout Level
⢠Volume Confirmation
⢠Retest Entry (Optional)
š How to Trade:
1. Spot tight price ranges
2. Set alerts
3. Enter on breakout w/ volume
4. Use stop-loss near breakout level
5. Target = height of previous range
š” Tips:
Avoid chasing late entries
Confirm with volume or retest
Check higher timeframes
Watch for news-driven volatility
š Example:
$ETH breaks $3,600 on volume ā retests ā target $3,800
ā ļø Reminder: Breakouts = high reward + high risk. Use proper risk management.
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