#BreakoutTradingStrategy The Breakout Strategy: What is it and why do experts love it?

Imagine a river whose water level has been very stable, moving between two well-defined banks. Suddenly, a great storm causes the river to rise, breaking one of those banks and flowing powerfully in a new direction. In trading, the breakout strategy is just that: looking for when the price of an asset (be it a stock, cryptocurrency, or currency) "breaks" key levels where it has been "stagnant".

Experts love it because, in theory, it allows you to enter right at the beginning of a strong movement. These "key levels" are usually:

* Supports: a minimum price that the asset has had difficulty breaking below.

* Resistances: a maximum price that the asset has had trouble surpassing above.