Example of breakout trading:
A trader sees $SIGMA futures range-bound, with clear resistance
When price breaks above on strong volume, they go long, expecting momentum to continue
If the move holds, they ride it and manage risk, if it fails, they exit quickly
π‘ Volume and confirmation help filter false breakouts
miloβs been holding $SIGMA for 6 days.
In meme terms, thatβs a lifetime.
The thesis hasnβt changed... it's just been re-evaluated and kept alive.
Conviction doesnβt mean adding noise.
It means staying in the trade when nothing is happening.
Letting time do the work.