#BreakoutTradingStrategy The Breakout Trading strategy is considered one of the best trading strategies for those who love strong and sudden movements in the market. The idea is simply to enter the trade when the currency breaks through a key resistance or support level, indicating the beginning of a new trend.
I often apply this strategy to the BNB/USDT pair, as it shows clear technical patterns and its movements can be relatively predicted.
When I observe a narrow range that repeats for several days, I place a buy order above the resistance or a sell order below the support, and I always use a close stop loss to minimize risk.
The most important thing in the breakout strategy is patience and waiting for the condition to be met, and not entering too early.
It is an effective strategy for those who know how to read candles and deal with💕♥🌹💔
