Support and resistance trading STRATEGY You can use support to create powerful breakdown trading str

Support and resistance trading STRATEGY💸

You can use support to create powerful breakdown trading strategies. This applies for stock, crypto, and forex trading. Always consider this when day trading. #daytrading #trading #stockmarket #stocks #tradingstrategy

emmanuel_trades

2024-04-07 02:06:15

this is day trading tip number twenty one out of one hundred let's go

if you have a strong consolidation at the lows of a support area that could suggest that that support is about to be broken and you're going to see lower prices a support area is an area where we've seen buyer step up to the plate and bring prices higher

if we begin to consolidate at the lows of that support area that suggests that no buyers are coming in and bringing that security up in price

this shows clear weakness and we could actually take advantage of this setup by putting our entry below the consolidation or support and putting our stop loss above the consolidation you cannot afford to miss out on the other tips so make sure you follow this account

Text generated automatically and there is a chance to be inaccurate