#BreakoutTradingStrategy #BreakoutTradingStrategy š Breakout Trading Strategy Explained š
BreakoutTradingStrategy
A breakout occurs when the price moves beyond a key level of support or resistance with increased volume. Traders look to capitalize on the momentum that follows!
š¹ Key Steps to Trade Breakouts:
Identify strong support/resistance zones š
Wait for a confirmed breakout (with volume) š„
Enter the trade with a tight stop-loss š”ļø
Ride the trend & manage your risk šÆ
ā Works best in volatile markets
ā ļø False breakouts are commonāconfirmation is key!