Break of Support and Resistance 🚀
What are levels?
Support — a level where the price previously halted its decline and bounced back up
Resistance — a zone where the upward movement slowed down and the price reversed downward
When the price breaks through these levels, it is an important signal of a change in market strength
Break of Support 🛑⬇️
Demand weakens, sellers dominate
The price goes below an important level
Often accompanied by panic and accelerated decline
Buyers strengthen, the price breaks upward
Possible growth with momentum
Bulls receive confirmation of the trend
Example:
The price could not break 150, then confidently settled above — growth to 165 📈
How to trade on breakouts 🎯
Wait for confirmation: the candle must close above the level
Retest: after a breakout, the price often returns — this is the entry point
Stop-loss: place it just above the level to avoid a fakeout
Take-profit: target — the next level or volume zone
Tips ⚠️
Consider volumes: a breakout with high volume is stronger
Be cautious of fakeouts: do not enter until confirmation
Use RSI, volumes, MACD — to strengthen the signal
