What is a breakout in trading?

A breakout is when the price moves above a resistance level or moves below a support level. Breakouts can be subjective since not all traders will recognize or use the same support and resistance levels. Breakouts provide possible trading opportunities. A breakout to the upside signals traders to possible get long or cover short positions.

What is the new price of breakout?

The new price represents a new all time high of $0.005203. Breakout on social media. Breakout was mentioned in 64 out of 1,521,717 social media posts on Twitter and Reddit on Jun 26, 2022. 53 unique individuals are talking about Breakout and it is ranked #799 in most mentions and activity from collected posts.

What does a breakout on a chart mean?

For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher. Breakouts that occur on high volume (relative to normal volume) show greater conviction which means the price is more likely to trend in that direction.

What are breakouts & how do they work?

Breakouts are commonly associated with ranges or other chart patterns, including triangles, flags, wedges, and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts.