#BreakoutTradingStrategy The breakout strategy is aimed at entering a trade as soon as the price breaks out of its range. Traders look for strong momentum, and the actual breakout serves as a signal to enter a position and profit from the subsequent market movement.

Traders can enter positions in the market, which means they will have to closely monitor price action or place buy-stop and sell-stop orders. Typically, they place the stop just below the former resistance level or above the former support level. To set exit targets, traders can use classic support and resistance levels.