๐๐ฅ #BreakoutTradingStrategy ๐ฅ๐
Want to catch big moves in the market? ๐
๐น What is Breakout Trading?
When price breaks a key support or resistance level with strong volume, it often continues in that direction. Thatโs a breakout!
โ How to Trade Breakouts:
1๏ธโฃ Identify clear support & resistance zones
2๏ธโฃ Wait for a strong breakout candle with volume
3๏ธโฃ Confirm with retest if possible
4๏ธโฃ Enter with stop loss below/above breakout zone
5๏ธโฃ Ride the trend for solid profits ๐ฅ
โ ๏ธ Tip: Avoid fakeouts by checking volume and higher timeframe confirmations.
๐ก Mastering breakout strategies can change your trading game forever.