#BreakoutTradingStrategy

Breakout trading involves entering positions when the price surpasses key levels of resistance or support, often signaling strong momentum and potential for significant returns. However, false breakouts—known as fakeouts—can lead to losses if not carefully identified.

And it often seems like the market is working against you; you enter a position and the market moves in the opposite direction of your entry, often leading to unrecoverable losses.

Beware of false appearances in charts,

charts do not always make sense of what they seem.