Don’t trade the price—trade the level.
(Learn by heart all the followings.)
Support is where buying pressure may appear.
Resistance is where selling pressure may increase.
A strong support can become resistance after a breakdown.
A strong resistance can become support after a breakout.
Always watch how price reacts at these zones.
Volume can help confirm a breakout.
A candle close is stronger than a simple wick.
Avoid entering just because price touches a level.
Wait for confirmation before taking a position.
Protect your capital—good trading starts with risk management. #ChinaAugustCPIRises0.8%YoY
(Learn by heart all the followings.)
Support is where buying pressure may appear.
Resistance is where selling pressure may increase.
A strong support can become resistance after a breakdown.
A strong resistance can become support after a breakout.
Always watch how price reacts at these zones.
Volume can help confirm a breakout.
A candle close is stronger than a simple wick.
Avoid entering just because price touches a level.
Wait for confirmation before taking a position.
Protect your capital—good trading starts with risk management. #ChinaAugustCPIRises0.8%YoY
