Wayne_gft3
New Member
SUPPORT & RESISTANCE
Support & Resistance (SNR) is a zone.
The simple language is Roof (Resistance) and Floor (Support). The strength of SNR can be seen through the frequency of price return (retest) in the zone.
If it happens, it means that the breakout zone is not strong. Make sure it is in a fresh zone. Can try to do a back test to see the previous SNR level.
Support = Zone below the market price (Low). Buy at Support!
Resistance = Zone above the market price (High). Sell at Resistance!
NOTE: ALWAYS LOOK LEFT FOR THE NEAREST SNR!
Support & Resistance (SNR) is a zone.
The simple language is Roof (Resistance) and Floor (Support). The strength of SNR can be seen through the frequency of price return (retest) in the zone.
If it happens, it means that the breakout zone is not strong. Make sure it is in a fresh zone. Can try to do a back test to see the previous SNR level.
Support = Zone below the market price (Low). Buy at Support!
Resistance = Zone above the market price (High). Sell at Resistance!
NOTE: ALWAYS LOOK LEFT FOR THE NEAREST SNR!
