๐ A series of conversations about trading:
๐ Lesson: 13 โ Resistance
๐ผ Angel: What is resistance in trading?
๐ฆ Falcon: It is a price area where selling pressure increases, which may limit the priceโs rise and push it to pull back.
๐ผ Angel: And how do I identify a resistance area?
๐ฆ Falcon: By observing areas the price previously failed to break through, and using price action and trading volume to assess their strength.
๐ผ Angel: Does the price always bounce off resistance?
๐ฆ Falcon: No. The price may break through resistance and continue rising, so you should wait for confirmation and not make a decision based on resistance alone.
๐ฅ Resistance is an area to watch, not a guaranteed barrier. The price may bounce off it or break through it. A smart trader waits for confirmation and adheres to risk management.
ููุฅุทูุงุน ุนูู ุจุงูู ุงูู ูุงุถูุน ูุฑุฌู ุงูุฏุฎูู ู ู ููุง
๐ฆ ๐ To my inspiration, the one I once called โmy angel and my dreamsโ: I dedicate this series to you, because you taught me that obstacles are not always the end of the road. They may be tests of our patience, opportunities to discover our strength, and doors that open only when the right moment arrives.
$MAGIC $JCT $USARB
๐ Lesson: 13 โ Resistance
๐ผ Angel: What is resistance in trading?
๐ฆ Falcon: It is a price area where selling pressure increases, which may limit the priceโs rise and push it to pull back.
๐ผ Angel: And how do I identify a resistance area?
๐ฆ Falcon: By observing areas the price previously failed to break through, and using price action and trading volume to assess their strength.
๐ผ Angel: Does the price always bounce off resistance?
๐ฆ Falcon: No. The price may break through resistance and continue rising, so you should wait for confirmation and not make a decision based on resistance alone.
๐ฅ Resistance is an area to watch, not a guaranteed barrier. The price may bounce off it or break through it. A smart trader waits for confirmation and adheres to risk management.
ููุฅุทูุงุน ุนูู ุจุงูู ุงูู ูุงุถูุน ูุฑุฌู ุงูุฏุฎูู ู ู ููุง
๐ฆ ๐ To my inspiration, the one I once called โmy angel and my dreamsโ: I dedicate this series to you, because you taught me that obstacles are not always the end of the road. They may be tests of our patience, opportunities to discover our strength, and doors that open only when the right moment arrives.
$MAGIC $JCT $USARB