đ Breakout Trading: Gas-Pedal Strategy When Prices Explode!
Breakout trading is perfect for those who love the "BOOM!" moments in the market. This strategy focuses on finding opportunities when prices break through important levelsâbe it strong resistance or support.
I personally like to look for breakouts from patterns like triangles, flags, or tight ranges. Once a breakout happens with high volume? Go ahead and place your entry, but always use a stop loss to stay safe.
The most important thing in this strategy is to be patient and wait for confirmation. Donât FOMO just because thereâs one long candle. Not all breakouts are valid; some are false, also known as fakeouts!
Thatâs why I always say: breakout is not about the speed of entry, but about the accuracy of reading momentum. If you're right, the profit can be very substantial đ
Are you also on the breakout team?