Technical analysis
Breakout
A breakout happens when price crosses an important level (support, resistance, trendline), often opening a new move.
A breakout happens when price crosses an important level (support, resistance, trendline), often opening a new move.
A confirmed breakout, backed by volume, draws traders betting on continuation. But beware false breakouts, which snap right back into the range: volume and the close help tell them apart.
Price stalls at $50 for days, then breaks it on heavy volume: that is a breakout.
Understanding a term is good. Applying it on a real platform with a clear method is better. That is exactly what we do in 5 days.