#BreakoutTradingStrategy A breakout trading strategy involves identifying periods where an asset's price is consolidating within a defined range, bounded by support and resistance levels. Traders then anticipate a "breakout" – a strong move in price, often accompanied by increased volume, above resistance (for a long position) or below support (for a short position). The goal is to enter the trade at the early stages of this new momentum, riding the subsequent price trend. Key to success is confirming genuine breakouts to avoid "false breakouts" and implementing strict risk management with stop-loss orders.