#BreakoutTradingStrategy ๐ Breakout Trading Strategy 101
Breakout trading is all about spotting price levels where the market breaks out of a defined range โ whether itโs a key support, resistance, or consolidation zone. Traders look for strong moves beyond these levels, often followed by higher volume, to catch potential big moves early.
โ What to Watch:
Clear support/resistance levels
Increased volume on breakout
Retest of breakout zone for confirmation
โก๏ธ Pro Tip:
Not every breakout is real โ beware of fakeouts! Always use risk management tools like stop-loss and confirmations before entering.
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