#BinanceTurns8

Breakout Trading Strategy focuses on entering a trade when price breaks above resistance or below support, signaling the start of a new trend. Traders watch key levels on charts—like previous highs, lows, or consolidations—and wait for strong volume to confirm a genuine breakout. Stops are typically set just inside the trading range to limit losses if the breakout fails. Targets can be based on measured moves or percentage gains. This strategy suits active traders who can monitor markets closely and react quickly. While breakouts can produce big profits if momentum continues, false breakouts (“fakeouts”) are common and require disciplined risk management.