📊 Key Elements of a Breakout Strategy:

#BreakoutTradingStrategy #Write2Earn

1. Identify Key Levels

Use horizontal lines to mark support and resistance zones

Rely on chart patterns like triangles, flags, or rectangles

2. Wait for Volume Confirmation

Breakouts with high trading volume are more likely to sustain

Low-volume breakouts often result in false signals or “fakeouts”

3. Use Entry Triggers

Enter the trade once the price closes above resistance or below support

Alternatively, set a buy-stop or sell-stop order slightly beyond the breakout level

4. Set Stop-Loss and Take-Profit

Place stop-loss just below (for long) or above (for short) the breakout level

Use risk-reward ratios like 1:2 or 1:3 for setting targets