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TRADING STRATEGY FOR BEGINNERS: Support, resistance, and market traps
TRADING STRATEGY FOR BEGINNERS: Support, resistance, and market traps
Hello everyone!
Supports are levels where the price tends to stop and bounce upward, while resistances are levels where the price finds a ceiling and retraces. Supports reflect attractive minimum prices for buyers, while resistances are levels where sellers take profits.
Identifying these zones can help us make better entries and exits. For example:
Hello everyone!
Supports are levels where the price tends to stop and bounce upward, while resistances are levels where the price finds a ceiling and retraces. Supports reflect attractive minimum prices for buyers, while resistances are levels where sellers take profits.
Identifying these zones can help us make better entries and exits. For example:
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