#BreakoutTradingStrategy Breakout Trading Strategy is a popular trading strategy where traders enter a trade when the price breaks above or below a significant level (support/resistance). Below is a brief analysis of this strategy:
Breakout Trading Strategy Explanation:
đ Key Concept:
When the price moves outside a specific range (up or down), it is assumed that a new trend has started.
𧹠Key Levels:
Resistance: A barrier to the price moving upwards.
Support: Assistance to the price moving downwards.
A breakout occurs when the price breaks through this level.
