#BreakoutTradingStrategy is usually based on breaking through certain levels to gain confirmation for entering a trade. For example, you might be surprised why a trader did not go long at a price, for instance, 600$ for BNB, but instead bought long at 630$ and feels more confident about it.

The reason is that they performed technical analysis, identified the breakout point for confirming further growth, and waited until this level was reached.

Then they entered the trade and made a profit.