#AltcoinBreakout

"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 started 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, and then suddenly rises to $1.3, we say it has broken the resistance level.

- Support: If the price of the currency has been moving between $0.5 and $0.7, and 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 indicate the beginning of a strong trend (upward or downward), creating investment opportunities.

- Indicator of change: It shows that the market is changing, and there may be significant buying or selling pressure.

- Useful in technical analysis: Tools such as "channels" and "geometric shapes" (like descending channels or triangles) can be used to determine when a breakout occurs.

- Monitor charts: Using technical analysis tools, you can draw support and resistance lines to see the moment a breakout happens.

- Follow small coins (Altcoins): Breakouts often occur in Altcoins (such as Ethereum Classic or Litecoin), especially when there is positive news.