#BreakoutTradingStrategy 💥 My Favorite Breakout Trading Strategy #BreakoutTradingStrategy

One of my go-to strategies is breakout trading. I usually monitor key resistance and support levels and wait for a strong breakout with volume confirmation. When the price breaks above a resistance line, I enter a long trade, placing a stop-loss just below the breakout point. For downside breakouts, I short with caution. This strategy works well during high volatility. I always combine it with RSI and MACD indicators to filter false breakouts. Risk management is crucial.