1. Identify Key Support and Resistance Levels Look for areas where the price has previously struggled to break through. 2. Wait for the Break A breakout is confirmed once the price moves past the support/resistance level with strong momentum. 3. Enter the Trade Place a buy order above resistance or a sell order below support, typically with a small buffer. 4. Set Stop-Loss Orders Place stops just inside the breakout point to protect from false breakouts. 5. Set Profit Targets Use previous support or resistance levels, Fibonacci extensions, or volatility measures for exit points.