#BreakoutTradingStrategy
The Breakout strategy relies on entering a trade when the price breaks through a strong resistance or support level.
For example, if the BTC/USDT price has been fluctuating around $15,800 for a period and then suddenly breaks to $16,000 with high trading volume, that is considered a strong entry signal.
The key here is to know the support and resistance areas and to monitor trading volume.
Breakouts often result in rapid moves, either upward or downward, making them ideal for active traders.
Do you use this strategy in your trades?
