🔥 Let's dive deeper today into one of the strongest and simplest tools that can completely change your market analysis...
A tool that helps you understand 'the areas that the market itself respects' without complications!
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✳️ What does support and resistance mean?
✅ Support: It is the area where when the price drops to it, buyers start to enter strongly… stopping the decline.
✅ Resistance: It is the area where when the price reaches it, sellers start to press… stopping the rise.
🔁 The market constantly moves between support and resistance…
And those who know them accurately? They can ride the waves like professionals 🌊
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📊 How to identify them easily?
1️⃣ Open the currency chart on a 1-hour or 4-hour timeframe
2️⃣ Look for price levels that have reversed multiple times
3️⃣ Draw a horizontal line at the peaks (resistance) and the troughs (support)
💡 The more the bounces occur from the same point, the stronger they become!
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🔄 Dynamic? What does it mean?
There are tools like Moving Average (MA) or EMA 50/200
They work as dynamic support and resistance according to the price.
This means they can be very strong areas… but change according to market movement.
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🧠 The hidden secret:
🔒 Institutions enter at specific levels that don't change easily
🔍 And if you're monitoring the same areas?
You will be able to see the effects of their movements before the explosion!
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🧨 Advice for beginners:
🚫 Don't enter in the middle of the movement
✅ Wait near support or resistance
🎯 And watch the price behavior… Are there reversal candles? High trading volume?
These are golden signals ✨
Ready to start seeing the chart through institutional eyes? 👁️💸
