📈📉 Real support and resistance aren't single wicks on a 5-min chart; they're strong turning points on 4H or Daily. Look for levels that held multiple times or saw huge volume. When price breaks an old resistance, like BTC breaking $28,000, that $28,000 often becomes new support. Why? Traders who missed the breakout, or those who shorted and got squeezed, will now look to buy on a retest, creating demand.
For entries, wait for a clear bounce *from* your S/R. Don't guess. If you're long on a BTC retest of $28,000, your stop goes just below, maybe $27,850. Your target? The next significant resistance, perhaps $29,500. This systematic approach saved my account after chasing false breakouts too many times. Protect your capital first.
#TradingTips #SupportResistance #FuturesTrading #RiskManagement
For entries, wait for a clear bounce *from* your S/R. Don't guess. If you're long on a BTC retest of $28,000, your stop goes just below, maybe $27,850. Your target? The next significant resistance, perhaps $29,500. This systematic approach saved my account after chasing false breakouts too many times. Protect your capital first.
#TradingTips #SupportResistance #FuturesTrading #RiskManagement