#MyTradingStyle typically incorporates support and resistance as a core component.

Support is a price level where a downtrend is expected to pause or reverse due to a concentration of buying interest. Think of it as a "floor" where demand outweighs supply.

Resistance is the opposite – a price level where an uptrend is expected to pause or reverse due to concentrated selling interest, acting as a "ceiling."

My strategy involves:

* Identifying Key Zones: Not just lines, but zones where price has historically reacted. Stronger support/resistance zones have been tested multiple times.

* Trading the Bounce: Buying near support with an expectation of price bouncing higher, and selling/shorting near resistance expecting a reversal.

* Trading the Breakout: When price decisively breaks through a strong support or resistance, it often signals a new trend. The broken level then often reverses its role (old resistance becomes new support, and vice-versa).

* Risk Management: Placing stop-losses just beyond these levels to limit potential losses if the level doesn't hold.

This approach focuses on price action and market psychology, as these levels often become self-fulfilling prophecies as traders react to them.

Happy Trading Everyone 🥳