#BreakoutTradingStrategy
Breakout trading is all about catching momentum at the right moment. I watch for price breaking strong resistance/support with high volume – that's my confirmation! 📊
I use tools like Bollinger Bands, consolidation patterns (triangles, flags), and volume spikes to spot legit breakouts. ✅
To avoid fakeouts, I wait for a candle close above the level and avoid entering on the very first wick.
Risk management is key — I place stop-loss just below the breakout level and trail profits as the trend builds.