2024-12-23 19:56

IndustriThe Art of Identifying Key Support and Resistance
Support and resistance levels are the backbone of technical analysis, acting as barriers where price movements often pause or reverse. Support is a level where buying interest is strong enough to prevent the price from falling further, while resistance is where selling interest stops the price from rising higher. To identify these levels, look for areas where the price has repeatedly bounced off in the past. Use tools like horizontal lines, trendlines, or Fibonacci retracements to mark them on your charts. Once identified, these levels can help you determine entry and exit points, set stop-loss orders, and predict potential breakouts. Remember, support and resistance aren’t exact numbers but zones where market activity tends to cluster. Mastering these concepts will give you a significant edge in your trading
Suka 0
Saya juga ingin komentar

Tanyakan pertanyaan

0Komentar

Belum ada yang berkomentar, segera jadi yang pertama

antony9552
Trader
Diskusi populer

Industri

СЕКРЕТ ЖЕНСКОГО ФОРЕКСА

Industri

УКРАИНА СОБИРАЕТСЯ СТАТЬ ЛИДЕРОМ НА РЫНКЕ NFT

Industri

Alasan Investasi Bodong Tumbuh Subur di Indonesia

Industri

Forex Eropa EURUSD 29 Maret: Berusaha Naik dari Terendah 4 Bulan

Analisis pasar

Bursa Asia Kebakaran, Eh... IHSG Ikut-ikutan

Analisis pasar

Kinerja BUMN Karya Disinggung Dahlan Iskan, Sahamnya Pada Rontok

Klasifikasi pasar

Platform

Pameran

Agen

Perekrutan

EA

Industri

Pasar

Indeks

The Art of Identifying Key Support and Resistance
| 2024-12-23 19:56
Support and resistance levels are the backbone of technical analysis, acting as barriers where price movements often pause or reverse. Support is a level where buying interest is strong enough to prevent the price from falling further, while resistance is where selling interest stops the price from rising higher. To identify these levels, look for areas where the price has repeatedly bounced off in the past. Use tools like horizontal lines, trendlines, or Fibonacci retracements to mark them on your charts. Once identified, these levels can help you determine entry and exit points, set stop-loss orders, and predict potential breakouts. Remember, support and resistance aren’t exact numbers but zones where market activity tends to cluster. Mastering these concepts will give you a significant edge in your trading
Suka 0
Saya juga ingin komentar

Tanyakan pertanyaan

0Komentar

Belum ada yang berkomentar, segera jadi yang pertama