#BreakoutTradingStrategy #BreakoutTradingStrategy* or "Breakout Trading Strategy" is a method that relies on entering a trade when *the price breaks through a strong support or resistance level*.
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✅ *In short:*
- *Breakout* = when the price moves above resistance or below support.
- *Goal* = to enter at the beginning of a potential strong movement.
- *Used with*: stocks, currencies, cryptocurrencies, and others.
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🛠️ How to apply:
1. Identify a fixed support or resistance level.
2. Wait for the price to break this level.
3. Enter the trade after confirming (with volume confirmation or closing above/below the level).
4. Place a close stop loss to reduce risks.