#BreakoutTradingStrategy
Breakout Trading: Catching the Right Momentum
Breakout trading is powerful when you know how to use it. I watch for key resistance and support zones. Once price breaks out of a resistance with strong volume, I enter the trade with a clear stop-loss just below the breakout level. I also use Volume Profile and Bollinger Bands to confirm breakouts. Fakeouts are common, so confirmation is essential! One of my best trades was on ETH breaking $2,000āI rode the trend up and secured profit with a trailing stop. Breakout trading is all about timing and confirmation.
#BreakoutTradingStrategy
