Breakouts happen when price goes past the resistance zones or levels and it generally means an uptrend is imminent. In a bull market, this can be the beginning of new hugs for a coin.
It's very important to be careful with breakouts though. Waiting for confirmation, whereby price confirms the previous resistance as support will help you avoid loosing money due to false breakouts.
It's very important to be careful with breakouts though. Waiting for confirmation, whereby price confirms the previous resistance as support will help you avoid loosing money due to false breakouts.
