🔥 Master the 6 Basic TA Tools
1. 🛑 Support
When price falls to a floor, buyers often step in → price bounces. Think of it as your safety net!
2. 🚧 Resistance
The opposite: a ceiling where sellers crowd in. Price struggles to rise beyond this.
3. ↩️ Retracement
A temporary dip in an uptrend (or surge in a downtrend). Look for pullbacks before the main trend resumes.
4. 🔄 Rebound
That bounce off support (or resistance)—your confirmation of a reversal or continuation.
5. 📐 Fibonacci
Use ratios (23.6%, 38.2%, 61.8%) to draw retracement levels. These are hot zones where price often stalls or reverses.
6. 🚀 Breakout
When price BREAKS support/resistance decisively—often the start of a strong new move.
💡 Why It Matters
Combine these tools to:
Spot entry/exit zones
Gauge risk using stops and take‑profits
Time your trade with more confidence
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