#BreakoutTradingStrategy
is a popular method used by traders to capitalize on significant price movements once an asset breaks through a defined support or resistance level. The strategy involves entering a trade when the price breaks above resistance in an uptrend or below support in a downtrend—typically accompanied by increased volume. Successful breakout trading requires identifying key levels on the chart, confirming the breakout with volume or momentum indicators, and managing risk with stop-loss orders. This strategy works best in trending markets and is often combined with technical tools like Bollinger Bands or moving averages to filter false breakouts.#SHIBUSDT