#BreakoutTradingStrategy A breakout strategy aims to enter a trade as soon as the price breaks through its range. Traders look for strong momentum, and a true breakout is a signal to enter a position and profit from the subsequent market movement. Traders can enter a position in the market, which requires careful monitoring of price action, or by placing buy-stop and sell-stop orders. They will typically place their stop orders slightly below a previous resistance level or above a previous support level. To set their exit targets, traders can use classic support and resistance levels.