#firstdealofthenewyearFateema Breakout trading involves buying or selling a security when it breaks through a established support or resistance level,with the expectation that the price will continue to move in that direction. Types of Breakout trading 1.Upside breakout:Buy when the price breaks above a resistant level. 2.Downside Breakout:sell when the price breaks below a support level. 3.False Breakout:Identify and avoid false breakouts,which can lead to losses. Benefits of Breakout trading 1.false signals 2.stop loss placement 3.Risk management