There are many professional terms that are misunderstood or even misinterpreted, which can lead to missed market opportunities or mistakes. I'll explain them to you in a simple way here.
What is a support level?
When a market falls to a certain position, there will be many buy orders, which prevents the market from falling further and forms a support point, which is called a support level. There are three support levels, each time the price reaches a support level, it will rebound, if it breaks through directly, it means the decline is strong, so the market will continue to fall and reach the second and third support levels, the more it falls, the weaker the strength will be. At that time, we can try to place a LONG order.
of a bounce at the support level. These support levels are also the positions where we sell SHORT orders or buy LONG orders. This way, you can combine the support levels given by the market that I have issued to place your SHORT or LONG orders.
What is a pressure level?
When the price rises to a certain position, there will be many sell orders above it, which prevents the price from rising. This creates pressure, which is called a pressure level. There are three pressure levels. Breaking the first pressure level indicates strength and the price will continue to rise. When it reaches the second and third pressure levels, the higher it goes, the weaker the strength will be, just as people always need to rest while running. The market price will also fall. These pressure levels are also the positions where we sell LONG orders or buy SHORT orders. This way, you can combine the pressure levels given by the market that I have issued to place your LONG or SHORT orders.
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