Sbin

A horizontal trendline breakout occurs when the price moves decisively above a well-established resistance level that has repeatedly halted upward movement. This horizontal line represents a zone where sellers have historically dominated, but once buyers gain enough strength to push the price above it, it signals a shift in market control from sellers to buyers. The breakout often indicates the start of a new bullish phase or continuation of the existing uptrend, as it confirms strong buying momentum and renewed confidence. Traders usually look for high volume during such breakouts for confirmation and may use the old resistance line as a new support level after the breakout.