๐ Major Support & Resistance Review
Support and resistance are among the most important concepts in technical analysis. Rather than predicting price, they help identify areas where the market may react.
๐ What I Review Before Trading
๐ข Support Zones
These are areas where buying interest has previously appeared. A support level doesn't guarantee a bounce, but it's worth monitoring for confirmation.
๐ด Resistance Zones
These are areas where selling pressure has previously increased. Price may pause, reverse, or break through depending on market conditions.
๐ Volume Confirmation
A move through support or resistance is generally more meaningful when accompanied by strong trading volume.
๐ง Liquidity Areas
Price often reacts near liquidity zones, so combining them with support and resistance provides better market context.
๐ง Market Structure
Always view support and resistance within the broader trend rather than as isolated levels.
โ
Trading Checklist
Mark key support and resistance
Check higher timeframes
Confirm with volume
Watch liquidity
Follow your risk management plan
๐ Key Takeaway
Support and resistance are areas of interestโnot guarantees.
Waiting for confirmation can help reduce emotional decision-making.
๐ฌ What's the first thing you look for when price reaches a key level?
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