A breakout refers to when the price of an asset moves above a resistance area (Long), or moves below a support area (Short). Breakouts indicate the potential for the price to start trending in the breakout direction. For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher (as seen in the picture below) and as traders, we can take advantage of this new pattern to maximize our profits.
For example, when configuring a breakout Long trade for BTC/USDT at an entry price of 19,000 when BTC/USDT is below the price of 19,000 and crosses it we will enter the trade. The idea is that the market trend will continue to rise in the breakout direction and thus make us a significant profit when we sell our position.
With Cornix you can choose a 'Breakout' type trade when you wish to buy at a price that is higher (long)\ lower (short) than the current market price. (You can learn how to use the breakout feature on the web dashboard by following the Create Trade article).