#BreakoutTradingStrategy BreakoutTradingStrategy Breakout Trading Strategy on Binance involves entering trades when the price breaks through a key support or resistance level with strong volume. This strategy aims to capture momentum as the price moves sharply in the breakout direction.
To implement it, first identify consolidation zones or chart patterns (like triangles or ranges) using Binance or TradingView charts. Set entry points just above resistance (for long) or below support (for short), and confirm the breakout with increased volume or indicators like RSI or MACD.