#AltcoinBreakout

What is a Breakout? A breakout occurs when the price of an altcoin breaks through an important level of support or resistance, usually with an increase in volume; this movement often indicates the beginning of a strong new trend — either bullish or bearish.

Types of Breakout: Bullish Breakout:

Occurs when the price surpasses a resistance level strongly → may indicate the beginning of a bullish trend,

Example: Altcoin breaks previous high with high volume.