#BreakoutTradingStrategy A A breakout occurs when the price moves beyond the consolidation zone, such as:
$BTC Horizontal support/resistance Trend lines Chart patterns (e.g., triangles, flags, rectangles)
Breakouts are often accompanied by an increase in volume, signaling stronger confidence and momentum.
How trading on breakouts works:
. Identify the setup:
Look for tight price consolidation, ranges, or chart patterns.
Mark the support and resistance levels.
Wait for the breakout:
The price must close above the resistance level (for a bullish breakout) or below the support level (for a bearish breakout).
Confirm with a volume spike or momentum indicators.$BTC