#BreakoutTradingStrategy
✅ What is it?
A strategy that relies on entering after the price breaks through a strong support or resistance level, indicating the beginning of a new trend (upward or downward).
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🔑 Key Conditions:
1. Clear breakout (above resistance or below support).
2. Confirmation with high trading volume.
3. Wait for the close outside the range (not just touching the level).
4. Determine a target (TP) and stop loss (SL) in advance.
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📈 Practical Example:
$BTC is moving between $100k – $110k.
Breaks to $112k + strong trading volume → Enter buy.
TP = $122k
SL = $108k
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❌ Avoid Mistakes:
Do not enter without confirmation.
Do not ignore trading volume.
Beware of "fakeouts".
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🧠 When to Use?
During long sideways movements or technical patterns (like triangles, channels).
Effective with strong currencies like $BTC and $BNB.