#BreakoutTradingStrategy

My #BreakoutTradingStrategy involves identifying consolidation zones and entering trades as price breaks out of key levels with strong volume. I use Bollinger Bands and Volume Oscillator to validate breakouts. I set alerts at resistance levels and wait for confirmation before entering. Once a breakout is confirmed, I enter with a small position and scale in. Stop-loss is placed just below the breakout zone to avoid false breakouts. This strategy works well during high volatility periods. I target short-term profits and exit partially at key Fibonacci levels. Risk management is key to avoid major losses on failed breakouts.