The success rate of betting on breakouts in a bear market is much lower than in a bull market. But bull or bear is a subjective judgment—there’s a type of trader who doesn’t focus much on this subjective judgment and only trades what they see as trending. For example, when the market consolidates and starts breaking out of a range (not constantly trading like amateurs), they’ll bet on the breakout and set their stop-loss. High risk, high reward. In a bull market, they can catch a big trend, and in a bear market, betting on breakdowns can also capture big trends, like the previous big drop.