🔍 What is a Breakout?
#BreakoutTradingStrategy #Write2Earn
A breakout occurs when an asset’s price breaks through an established level of resistance (ceiling) or support (floor). This breakout often marks the beginning of a strong directional move.
Bullish Breakout: Price breaks above resistance → potential upward momentum
Bearish Breakout: Price breaks below support → potential downward trend