please guide me | Carlie Pemberton HiVr on Binance Square

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Carlie Pemberton HiVr

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#BreakoutTradingStrategy 📈 Breakout Trading Strategy Explained 🚀 Breakout trading is one of the most powerful strategies in the market—used by beginners and pros alike to catch big moves before they happen. 🔍 What is Breakout Trading? Breakout trading focuses on entering a trade when the price breaks above resistance or below support levels with high volume. This breakout often signals a potential trend formation or continuation. --- 🔑 Key Elements of Breakout Strategy: 1. Identify Key Levels Look for horizontal support/resistance, trendlines, or chart patterns (like triangles, flags, or ranges). 2. Confirm with Volume A true breakout usually happens with increased volume, showing strong interest. 3. Entry Point Enter the trade just after the breakout to ride the momentum. 4. Set Stop-Loss Place your stop-loss just below the resistance (for upside breakouts) or above support (for downside breakouts). 5. Target Profit Use measured moves, risk-reward ratios, or trailing stops to lock in profits.

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