#BreakoutTradingStrategy
Breakout Strategy: Catch Opportunities Before the Market Moves:
What is Breakout Trading Strategy?
Breakout Trading Strategy is one of the most popular strategies in financial markets, especially in cryptocurrency and foreign exchange (forex) markets.
This strategy relies on entering the market at the moment the price breaks through an important level such as:
• A strong resistance level (in case of upward movement)
• A strong support level (in case of downward movement)
• Or a chart pattern such as a triangle, price channel, or rectangle.
The goal is to take advantage of the price momentum that often follows this breakout, as the price moves quickly and strongly after surpassing these barriers.$BTC