Breakout Trading corresponds to a breakout transaction.

This occurs when the price of the currency exceeds the limits of resistance or support. As the transaction volume increases.

At this point, investors and traders will choose a long position. All after the price has surpassed the resistance level.

Or they will choose a short position when the price of the currency breaks the support.

Representation of the opening range for Breakout

Breakout trading is an important strategy, as it can be the starting point for different movements.

Such as future volatility, large price fluctuations, and even becoming the main price trend.

Many experts believe this is a suitable trading strategy for new traders. Because the starting point of a breakout is usually very obvious.

Additionally, risk management is easier and less risky in a volatile market. #AltcoinBreakout