Finest Wurd
Open Trade
Occasional Trader
3.8 Years
4 Following
7 Followers
13 Liked
1 Shared
#BreakoutTradingStrategy
Always set a stop-loss just below the breakout level (for longs) or above (for shorts). Risk only 1-2% per trade.
Always set a stop-loss just below the breakout level (for longs) or above (for shorts). Risk only 1-2% per trade.
#BreakoutTradingStrategy
Use RSI or MACD divergence to spot potential fakeouts. If price breaks out but RSI shows weakness, it might be a trap.
Use RSI or MACD divergence to spot potential fakeouts. If price breaks out but RSI shows weakness, it might be a trap.
#BreakoutTradingStrategy
Don’t jump in on the first candle that breaks. Instead, wait for the price to retest the breakout level and hold — this shows commitment from buyers/sellers.
Don’t jump in on the first candle that breaks. Instead, wait for the price to retest the breakout level and hold — this shows commitment from buyers/sellers.
#BreakoutTradingStrategy A true breakout usually comes with above-average volume. No volume = high risk of a fakeout. Use volume spikes as confirmation.
#BreakoutTradingStrategy Use volume profile, horizontal lines, and previous highs/lows on higher timeframes (4H/Daily) to identify key levels.
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