#BreakoutTradingStrategy

Breakout trading strategy focuses on taking positions when the asset price moves out of predetermined support or resistance levels, often accompanied by increased volume. This indicates a significant shift in the balance of supply and demand, which could potentially start a new trend or continue an existing trend.

Traders enter long positions (buy) when the price breaks above resistance or short positions (sell) when the price breaks below support. The goal is to capture strong price movements at the beginning of a new trend. It is important to accurately identify these levels and be cautious of false breakouts.