Support and resistance are not fixed lines
but dynamic areas where supply and demand interact.
When a resistance level is broken strongly, it often turns into new support, and vice versa.
The secret is to monitor the trading volume at these areas: if the price approaches a support area with decreasing selling volume, this indicates a higher probability of a rebound!
Scientific Tip:
Do not draw lines randomly.
Use the areas where the price has repeatedly bounced or stalled (at least 3 touches), and observe the long candles (shadows) at these areas, as they reveal the struggle between buyers and sellers.
"In your opinion, what is the most significant factor affecting the credibility of a support or resistance level? Share your experience in the comments!"
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