#BreakoutTradingStrategy This strategy usually relies on breaking certain levels to gain confirmation for entering a trade. For example, you might be surprised why a trader didn’t place a long order at a price like 600$ for BNB, but instead bought a long at 630$ and feels more confident about it.

This is because he performed technical analysis, identified the breakout point for confirming further growth, and waited for that level to be reached.

Then he entered the trade and made a profit.