#AltcoinBreakout An altcoin breakout on Binance refers to a sudden and strong upward price movement of an alternative cryptocurrency (any coin other than Bitcoin) that breaks above key resistance levels. These breakouts often lead to high trading volumes and fast gains. Here’s a quick breakdown:
🚀 What is an Altcoin Breakout?
Breakout = Price breaks a major resistance or chart pattern (like a triangle, wedge, or consolidation zone).
Indicates strong bullish momentum.
Often followed by a surge in volume, volatility, and trader attention.
📈 Common Altcoin Breakout Patterns (on Binance)
1. Bullish Flag / Pennant
2. Ascending Triangle
3. Cup and Handle