🔥MANY OF YOU STILL DO NOT UNDERSTAND SUPPORT AND RESISTANCE AND OFTEN ENTER THE ENTRY POINT IN THE MIDDLE, I WILL EXPLAIN IT TODAY🔥
🔰 HOW TO TRADE BY SUPPORT & RESISTANCE FOR BEGINNERS
✅ 1. WHAT ARE SUPPORT & RESISTANCE?
Support: Is a low price zone that when the price touches it, it often tends to bounce up because of strong buying power.
Resistance: Is a high price zone that when the price touches it, it is often pushed down due to strong selling power.
👉 Simply put:
Support is the floor.
Resistance is the ceiling.
📈 2. HOW TO DETERMINE SUPPORT & RESISTANCE ZONES:
Find price zones where the price has bounced or dropped many times in the past.
Use larger time frames (1H, 4H, 1D) to see the zone clearly.
💡 3. BASIC TRADE METHOD:
Buy when the price touches support and shows signs of bouncing (green candle, increasing volume).
Sell when the price touches resistance and shows signs of reversal (strong red candle, overbought RSI).
🎯 You can wait for a breakout (cross the zone) and retest, then place an order following the new trend.
🛑 IMPORTANT NOTE:
Always place Stop Loss (SL) below the support zone or above the resistance zone to limit risk.
Do not place an order in the middle of the zone, because the trend is not clear at that time.