2025-01-30 09:36
IndustryBREAKOUT TRADING
#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
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BREAKOUT TRADING
Nigeria | 2025-01-30 09:36#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
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