#BreakoutTradingStrategy Identify Key Levels

Use trendlines, chart patterns (triangles, flags, rectangles), or previous highs/lows to mark resistance and support.

2. Wait for Confirmation

Look for a candle close outside the level and confirm with volume spike or momentum indicators (e.g., RSI above 50 or MACD crossover).

3. Enter the Trade

Long position on breakout above resistance

Short position on breakdown below support