#BreakoutTradingStrategy Trading on breakouts depends on the right timing!

I look for price consolidation — when the market moves sideways within a narrow range. Then I wait for a breakout above resistance or below support. When this happens with high volume, it's my signal to enter. For example, if BTC breaks through a key resistance level of 60 thousand dollars, I will enter a long position with a tight stop-loss order. If it drops, I may take a short position. Breakouts often lead to quick, large movements, so this is a great strategy when markets are active. I always confirm this using indicators such as Bollinger Bands and volume spikes.