Breakout trading is a trading strategy where a trade is taken in the direction when the price strongly breaks out of a significant level (Support or Resistance).

🔍 Understand it simply

The price often oscillates within the same range

Upper level = Resistance

Lower level = Support

When the price breaks out of this level, that is Breakout

📈 Types of Breakouts

1️⃣ Bullish Breakout

When the price breaks above Resistance

👉 Buy / Long is taken

2️⃣ Bearish Breakout

When the price breaks below Support

👉 Sell / Short is taken

✅ Signs of a good breakout

✔️ High volume
✔️ Strong candle (Full body candle)
✔️ Clearly breaks the previous range
✔️ Not a fake breakout (Caution on fake breakouts)

#cryptocurreny $BTC