Very grateful for this very important information for a novice trader to do well... congratulations 🤮😀😀

New Traders Must Learn This: What Is a Breakout?

🔍 In Simple Words:

🔼 If the price keeps going up and falling back down, that's called resistance.
🔽 If the price keeps dropping and bouncing back up, that's called support.

If the price keeps moving between these two levels, it's a rangebound market.

When a Breakout Happens:
If price breaks above resistance
it's a buying opportunity for buyers.

If price breaks below support
it's a selling opportunity for short sellers.

🔁 In both cases, if the price returns to the breakout level (retest)
and then moves again in the same direction
the breakout is confirmed.

📌 Key Lesson:
Entering too early can trap you in a fake breakout. Waiting for a retest confirmation safer entry, whether you're buying or selling.

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