#BreakoutTradingStrategy
One of my favorite strategies is the breakout strategy. This technique consists of identifying key levels of support or resistance and entering the market when the price breaks those levels with volume. For example, if BTC breaks a resistance it has touched several times, it is a signal that it could initiate a strong upward movement. I use 1-hour and 4-hour charts to confirm the validity of the movement. I always confirm with indicators like MACD and volume. Breakout trading can be very effective in volatile markets, but one must be cautious of false breakouts, which is why the stop loss is vital.
