#BreakoutTradingStrategy **#BreakoutTradingStrategy: Exploiting Breakouts of Critical Levels!**
The **Breakout Strategy** targets trading when the price breaks a key resistance or support level, indicating a potential strong move. It relies on:
✔ **Identifying tight ranges** (such as channels or triangles).
✔ **Waiting for a decisive breakout** with increased volume.
✔ **Entering on a retest** to confirm the breakout.
Its features:
- **Achieving quick profits** when the price moves strongly.
- **Avoiding trading in sideways ranges**.
You need **patience** to wait for clear opportunities and precise risk management! #Trading #Crypto 🚀📈
(Additional note: It's preferable to use indicators like **MACD** or **bouncing off moving averages** to confirm the breakout).