#BreakoutTradingStrategy
How I identify and trade breakouts
In my trading strategy, breakouts (breaks of key levels) are very powerful signals. These are the moments when the price exceeds an important support or resistance, often followed by a rapid movement.
đ§ My method:
âą I identify a consolidation zone or a triangle on $BTC/USDT
âą I wait for a clear breakout with high volume
âą I enter on the pullback, just after the breakout, to reduce risks
âą I place a stop-loss just below the broken level
â Advantage: breakouts often lead to explosive movements
â ïž Disadvantage: one must avoid âfalse breakoutsâ (market traps)
This is a strategy that requires patience and good candlestick reading. But when used correctly, it can be very profitable đ„
And you, do you trade breakouts? đŹ