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💡 Trading Idea: Range-Bound (Support & Resistance) Trading

This strategy is based on buying low and selling high inside a horizontal price range — perfect when the market isn’t trending but bouncing between two levels.

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✅ Why Use It:

Works in quiet or stable markets (especially forex or crypto pairs)

Easy to spot on the chart

Helps you avoid false breakouts

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📊 How It Works (Step-by-Step)

1. Identify a Range (Consolidation Zone)

Look for price bouncing between two clear horizontal levels

Example: Price moves between $1,000 and $1,100 multiple times

Draw support (bottom) and resistance (top) lines

2. Wait for Price to Approach a Level

Near support? → Prepare to buy

Near resistance? → Prepare to sell

3. Watch for Candlestick Rejection

Look for reversal candles like:

Doji

Pin bar

Bullish/bearish engulfing

These suggest the bounce is likely

4. Enter the Trade

Buy at or near support → target resistance

Sell at or near resistance → target support

Place stop-loss just beyond the range edge (not too tight)

5. Repeat Until Breakout

As long as the range holds, you can keep trading inside it

But if a strong breakout happens, stop ranging and wait for a new setup

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🧠 Pro Tip:

Add the Relative Strength Index (RSI):

RSI near 30 at support = good buy signal

RSI near 70 at resistance = good sell signal

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🪙 Example (Crypto):

ETH is ranging between $2,800 and $3,200

Price bounces down to $2,820 → RSI = 33 → Pin bar forms → Buy

Exit at $3,180 → profit

Price rises back to $3,200 → RSI = 69 → Bearish engulfing → Sell

Exit at $2,850 → profit