#AltcoinBreakout

Basic Definition:

"Breakout" is a term used by traders to refer to the moment when the price of an asset (such as a cryptocurrency) surpasses a certain level of resistance or support. Simply put, this means that the price has moved out of its previous trading range and has begun to trend in a new direction.

#### Examples of this:

- Resistance: If the currency has been moving between $1 and $1.2 for a long time, then suddenly rises to $1.3, we say it has broken the resistance level.

- Support: If the price of the currency is moving between $0.5 and $0.7, then drops to $0.4, this is considered a breakout of the support level.

### Why does "Breakout" matter to investors and traders?

- New profit opportunity: When resistance or support levels are broken, this may be an indicator of the beginning of a strong trend (upward or downward), creating investment opportunities.$SUI