Trick: Mastering Breakout Trading with Volume 📊💥
Tired of false breakouts? Use Volume as your secret weapon! Here’s how:
The Strategy:
Identify Key Levels:
Mark strong support and resistance zones.
Watch the Volume: A real breakout is usually accompanied by a sharp increase in volume.
If price breaks out of a key level, but volume stays low, it might be a false breakout.
Confirmation: Wait for a strong candle close above (or below) the key level with high volume to confirm the breakout.
💡 Pro Tip: Combine this with RSI or Moving Averages to increase accuracy!
Stay sharp and avoid false signals like a pro!
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