š What is a Breakout?
#BreakoutTradingStrategy #Write2Earn
A breakout occurs when an assetās 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 ā potential upward momentum
Bearish Breakout: Price breaks below support ā potential downward trend