#BreakoutTradingStrategy

#BreakoutTradingStrategy

The breakout trading strategy relies on entering a trade when a strong support or resistance level is broken, indicating the beginning of a new price movement. Entry points are determined after confirming high trading volume, with a stop loss placed below (or above) the breakout area, and taking profits at nearby technical levels. It is often used in volatile markets and is effective when the breakout is genuine.