Letโs simplify it:
๐ Support = Floor:
When price keeps bouncing up from a level โ thatโs support.
๐ Resistance = Ceiling:
When price keeps getting rejected at a level โ thatโs resistance.
๐ If price is stuck between both, itโs ranging โ just moving sideways.
๐ฅ So, Whatโs a Breakout?
โ Breaks Above Resistance = Bulls are in control โ Buy signal
โ Breaks Below Support = Bears take over โ Sell signal
But hereโs the golden rule ๐ง :
๐ Donโt FOMO into a breakout instantly.
โ Wait for a retest โ if the price comes back to the breakout zone and then bounces again, thatโs your confirmation.
๐ก Pro Tip:
Most fakeouts happen when traders rush in without confirmation.
Patience = Profit.
๐ Master this and youโll avoid 80% of beginner mistakes.
๐ Follow me for more beginner-friendly trading tips.
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