📒 A series of conversations about trading:
🖋 Lesson: 12 — Support
👼 Angel: What is support in trading?
🦅 Falcon: It’s a price area where demand for an asset increases, which may limit its decline and cause it to rebound upward.
👼 Angel: And how do I identify a support area?
🦅 Falcon: By observing areas from which the price has previously rebounded, and using price action and trading volume to assess their strength.
👼 Angel: Does the price always rebound from support?
🦅 Falcon: No. The price may break through support and continue to fall. So you should wait for confirmation and never enter a trade based on support alone.
🔥 Support is an area to watch, not a guarantee of a rebound. A smart trader waits for a signal, sets a stop-loss, and doesn’t risk their capital based on expectations alone.
للإطلاع على باقي المواضيع يرجى الدخول من هنا
🦅💌 To my muse, the one I once called “my angel and my dreams”: I dedicate this series to you, because you taught me that some points of strength give us a chance to rise again—but true wisdom lies in knowing when to lean on them and when to seek another path.
$BAT $MAGIC $JCT
🖋 Lesson: 12 — Support
👼 Angel: What is support in trading?
🦅 Falcon: It’s a price area where demand for an asset increases, which may limit its decline and cause it to rebound upward.
👼 Angel: And how do I identify a support area?
🦅 Falcon: By observing areas from which the price has previously rebounded, and using price action and trading volume to assess their strength.
👼 Angel: Does the price always rebound from support?
🦅 Falcon: No. The price may break through support and continue to fall. So you should wait for confirmation and never enter a trade based on support alone.
🔥 Support is an area to watch, not a guarantee of a rebound. A smart trader waits for a signal, sets a stop-loss, and doesn’t risk their capital based on expectations alone.
للإطلاع على باقي المواضيع يرجى الدخول من هنا
🦅💌 To my muse, the one I once called “my angel and my dreams”: I dedicate this series to you, because you taught me that some points of strength give us a chance to rise again—but true wisdom lies in knowing when to lean on them and when to seek another path.
$BAT $MAGIC $JCT