#BreakoutTradingStrategy So breakout trading is kinda when you wait for the price to break some level it’s been stuck at. Like, price moves sideways for a while, then suddenly boom — it breaks up or down big time. That’s when people jump in.
Some folks draw support and resistance lines and just wait. Once price smashes through, they enter fast hoping it keeps running. It can work good when there's big volume, but sometimes it fakes out and you get wrecked if you ain't careful.
You gotta react quick, no hesitation. And gotta accept losses, ‘cause not every breakout gonna work.
Honestly, it ain't easy. Looks simple on charts but in real time, your mind plays tricks.
Anyway, that’s my take on it. Always do your own thing and figure what works for you.