#BreakoutTradingStrategy

One of my favorite strategies in the world of crypto trading is the breakout strategy. It involves identifying key levels of resistance or support and waiting for the price to break through them with strength. A solid breakout is usually accompanied by an increase in volume, indicating that buyers (or sellers) are backing the move.

When I trade a breakout, I usually look at time frames like 1H or 4H. If the price exceeds a resistance that has been tested multiple times, I enter with a limit order just after the candle closes. I use a stop loss just below the broken level, and I take partial profits at psychological levels or previous resistances.