#BreakoutTradingStrategy Here’s a quick breakdown of the Breakout Trading Strategy approach:

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🧠 What Is Breakout Trading?

Breakout trading involves entering a position when the price “breaks out” of a key level:

📈 Resistance Breakout → Buy signal

📉 Support Breakdown → Sell/Short signal

These levels are typically established via chart patterns like triangles, flags, ranges, or channels.

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🛠️ Core Components

Element Details

Setup Identify horizontal resistance/support or chart patterns (e.g., ascending triangle)

Confirmation Look for high volume and strong candles to confirm breakout

Entry Enter as price breaks the level or on a retest

Stop Loss Just below resistance (for breakout) or above support (for breakdown)

Take Profit Based on measured move or risk/reward ratio (e.g., 2:1 or 3:1)