New Traders Need to Know This: What’s a Breakout?
🔍 Here’s the Breakdown:
🔼 When price rises and keeps getting pushed back down — that’s resistance.
🔽 When price falls and keeps bouncing back up — that’s support.
When price moves between these two zones, it’s called a rangebound market.
🚀 What Happens During a Breakout:
If price pushes above resistance, it’s a buy signal for bulls.
If price drops below support, it’s a sell signal for bears.
🔁 A retest of the breakout level followed by continuation in the same direction confirms the move.
📌 Remember This:
Jumping in too early can get you caught in a fakeout.
Wait for a solid retest — it's a smarter and safer entry whether you're going long or short.
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