#BreakoutTradingStrategy

The breakout strategy is one of the most prominent trading strategies relied upon by traders to seize opportunities at critical moments, as the trade is entered when the price breaks through a strong resistance or support level, indicating the likelihood of the trend continuing.

This strategy is effective in cases of limited volatility followed by a sudden movement, and is often used with technical tools such as trend lines, and patterns such as triangles and rectangles.

The XRP/USDT pair is a good example of applying this strategy, as it often moves within clear ranges and then breaks out with strong movement, making it a preferred target for professional traders.

Do you use the breakout strategy? And what indicators do you prefer to rely on? Share your opinion!