#BreakoutTradingStrategy Here's a draft you can use for your #BreakoutTradingStrategy post:
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š #BreakoutTradingStrategy Insights
Breakout trading is one of my favorite momentum strategies ā but only when done with proper confirmation! š I always look for high-volume breakouts at key levels of resistance or support. Volume is my first filter: if price breaks a level but volume stays low, I stay out. š
ā My Key Rules:
Multiple Timeframe Confirmation: Breakouts must align on both 1H and 4H charts.
Volume Spike: At least 1.5x average volume during breakout.
Retest Entry: I prefer waiting for a retest of the breakout level ā safer entry and reduced fakeout risk.
Risk Management: I place tight stop-losses just below the breakout level and trail stops to lock profits on momentum plays.
ā ļø Avoiding Fakeouts:
I avoid entering breakouts during low-liquidity sessions (e.g., Asian session for BTC).
I avoid breakouts that occur with large wicks or rejection candles.
šÆ Simple Formula = Breakout + Volume + Retest + Proper Risk = Higher win-rate!
š¬ How do you confirm breakouts and manage your trades? Letās discuss in the comments!