#BreakoutTradingStrategy
The breakout trading strategy is one of the most effective for catching strong moves. I focus on identifying key resistance levels—once a coin breaks above with solid volume, it often signals a potential run-up. I usually combine volume confirmation with RSI and Bollinger Bands to avoid fakeouts. One recent example was LINK, which broke a multi-week resistance and surged 20% in hours. But remember, not all breakouts succeed, so placing stop-loss just below the breakout level is essential. Trading breakouts requires patience, timing, and constant observation.
