#BreakoutTradingStrategy and it is a technique used by traders to take advantage of significant price movements of an asset after surpassing a key resistance or support level. The strategy involves identifying consolidation patterns and waiting for the price to break those boundaries, which can indicate the beginning of a strong trend. Traders can enter a long position if the price exceeds the resistance or a short position if it falls below the support. The goal is to capture the momentum generated by the breakout and maximize profits. Risk management is crucial to avoid losses in the event of false breakouts.