The #BreakoutTradingStrategy is a trading approach that involves identifying key support or resistance levels and taking a position when the price breaks these levels. The idea is to take advantage of the strong volatility and the trend that may follow a breakout. Traders seek to identify important support or resistance levels, such as historical price levels or trend lines, and wait for the price to break them before taking a position. If the price breaks a resistance level, traders buy, hoping that the price will continue to rise. If the price breaks a support level, traders sell, hoping that the price will continue to fall.