#BreakoutTradingStrategy
It is a strategy that takes advantage of price breakouts outside of ranges or consolidated structures, expecting that after that "breakout" a strong movement occurs in that direction.
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📊 How it works step by step:
1. Identify a key zone:
Resistance (ceiling): the price has not been able to surpass it several times.
Support (floor): the price has bounced several times without breaking it.
2. Detect consolidations:
Lateral range, triangle, channel, or flag.
Volume usually decreases during this phase.