#AltcoinBreakout refers to when an altcoin breaks above its previous resistance level. This typically occurs with strong volume and indicates that the coin's price has a higher likelihood of continuing to rise. Traders often wait for these breakouts to realize profits. Identifying breakouts at the right time is crucial, as it can create significant profit opportunities. However, one must also be cautious of false breakouts, where the price temporarily rises and then falls back down.