#BreakoutTradingStrategy

#BreakoutTradingStrategy This is one of the strongest trading strategies, relying on entering a trade when the price breaks through an important level, whether support or resistance 📈🚀. The idea is that when the price exits a narrow range, it often continues strongly in the same direction.

✅ Key elements of the strategy:

Accurately identify support and resistance areas

Confirm the breakout with high trading volume 📊

Use a stop loss below/above the breakout area to protect capital

Set a target based on the size of the pattern or previous movement

It works well in volatile markets, but it requires patience and analysis.

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