#BreakoutTradingStrategy
Breakout trading is one of my favorite strategies. It involves observing key levels of support and resistance - when the price breaks through them with high volume, it often indicates the beginning of a new trend.
The most important elements of this strategy are: precise technical analysis, patience, and confirmation of the breakout (e.g., a candle closing above resistance). I often use tools such as Bollinger Bands, RSI, and volume to ensure that the breakout is not false.
It is also crucial to secure the position - I always use a stop-loss below the broken level. This strategy works great on pairs with high liquidity like BTC/USDT or ETH/USDT.
#BreakoutTradingStrategy