#BreakoutTradingStrategy Breakout trading system for Bitcoin (BTC) based on current price (~$108,815):
Enter long position when BTC breaks above a significant resistance level (e.g. ~$109,073 today—the intraday high). Confirmation by a spike in volume indicates momentum.
Entry: Buy at ~$109,150 (slightly above the breakout).
Target: Target next resistance around ~$111,000.
Stop‑loss: Set below former support (~$108,500).
Example now: BTC trades at $108,500–$109,073. After breaking above $109,073 with high volume, a trader enters at about $109,150, follows the move to $111,000, and takes profit before the reversal.
Tools to confirm:
5‑min chart to identify breakout
Volume bars to confirm strength
RSI/MACD to steer clear of false breakouts
Use price action and volume together for maximum effect.