Quick image to reflect the types of false breakouts that occurr the most in the financial markets.
Beware of the importance of VOLUME to determine if its a legit breakout or just another trap.
Basically good breakouts are those that break WITH volume!!
Credits for the image to @excavo
Great show and tell, do you have any examples of good breakouts w/volume.
Just made a post with that's going on today to show a good example of breakout with volume.
Check it out! https://steemit.com/steemit/@luiggih/monero-xrm-usd-breakout-with-volume