πTrading Tip #2 - πππππππ/ππππππππππ
S/R are certain predetermined price levels of an asset at which it is thought that the price may stop & reverse.
These levels are denoted by multiple touches of price without a breakthrough of the level.
π§΅[THREAD]
S/R are certain predetermined price levels of an asset at which it is thought that the price may stop & reverse.
These levels are denoted by multiple touches of price without a breakthrough of the level.
π§΅[THREAD]
πWhen the price moves up and then pulls back, the highest point reached before it pulled back is now resistance.
Resistance levels indicate where there will be a πππΏπ½πΉππ of sellers.
Resistance levels indicate where there will be a πππΏπ½πΉππ of sellers.
In contrast...
πWhen the price continues up again, the lowest point reached before it started back is now support.
Support levels indicate where there will be a πππΏπ½πΉππ of buyers.
πWhen the price continues up again, the lowest point reached before it started back is now support.
Support levels indicate where there will be a πππΏπ½πΉππ of buyers.
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