#BreakoutTradingStrategy

📈 #BreakoutTradingStrategy

🚀 A breakout happens when the price breaks through a key support or resistance level. If timed right, this strategy can be highly profitable!

🔍 What to look for:

✅ Strong support or resistance zone

✅ Breakout with high volume

✅ Candle closing above the breakout level

✅ Wait for confirmation to avoid fakeouts

🛠️ Entry:

Right after the breakout or on a retest of the breakout level

🔒 Stop Loss:

Just below the breakout zone

🎯 Target:

Equal to the size of the previous range, or next major resistance/support

💡 Tip:

Always use risk management. Avoid over-leveraging!

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