#BreakoutTradingStrategy Breakout trades are not for the impatient. It requires you to wait, observe, and enter the trade when most are still in doubt.
I usually focus on resistance levels that have been tested multiple times – the more times they have been reached but not broken, the stronger the movement will be when the breakout occurs. But the mistake of many people (and mine in the past) is that they enter the trade too early – when the price hasn't really broken the level yet, or there is no confirming volume.
The experience I gained:
1. A surge in volume + a candle closing beyond the resistance level is a strong signal.
2. Always wait for a retest after the breakout, don't succumb to FOMO on the first candle.
3. Don't forget about stop-loss – because false breakouts are inevitable.
A breakout does not always lead to a win, but when it does – it can provide you with extremely high-quality trades.