Support and Resistance | Key Trading Areas
A price area from which the price rebounds upwards due to increased demand 🟢
📌 What is resistance?
A price area from which the price drops due to increased supply 🔴
🛠️ How to draw it professionally?
• With candlesticks and not just the wicks
• At clear peaks and troughs
• On larger timeframes: 4H – Daily – Weekly
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🎯 Practical Use:
• Buy from support provided there is a strong candlestick signal
• Sell/Short from resistance provided there is strong price rejection
• Your best trades = Support/Resistance + Trend + Trading Volume
