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New Traders Must Learn This: What Is a Breakout?
🔍 In Simple Words:
🔼 If the price keeps going up and falling back down, that's called resistance. 🔽 If the price keeps dropping and bouncing back up, that's called support.
If the price keeps moving between these two levels, it's a rangebound market.
When a Breakout Happens: If price breaks above resistance it's a buying opportunity for buyers.
If price breaks below support it's a selling opportunity for short sellers.
🔁 In both cases, if the price returns to the breakout level (retest) and then moves again in the same direction the breakout is confirmed.
📌 Key Lesson: Entering too early can trap you in a fake breakout. Waiting for a retest confirmation safer entry, whether you're buying or selling.
Follow for more information like this. #BreakoutStrategy #PriceActionTips
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