#BreakoutTradingStrategy Types of Breakouts:*

1. *Resistance Breakout*: Price breaks above a resistance level, potentially leading to an upward trend.

2. *Support Breakout*: Price breaks below a support level, potentially leading to a downward trend.

*Key Characteristics:*

1. *Volatility*: Breakouts often occur with increased volatility and trading volume.

2. *Momentum*: Breakouts can be driven by strong buying or selling momentum.

3. *Confirmation*: Traders often look for confirmation of the breakout through indicators or chart patterns.