đ SUPPORT BOUNCE TRADING STRATEGY
When price reaches a strong Support Zone, many traders start watching for a possible bounce.
But don't buy just because price touched support.
Try this process:
1ïžâŁ Mark the Support Zone
2ïžâŁ Wait for price to reach it
3ïžâŁ Look for bullish confirmation
4ïžâŁ Enter only if your setup is confirmed
5ïžâŁ Place Stop Loss below your invalidation level
6ïžâŁ Set a realistic Take Profit
Example:
Support â Confirmation â Entry
Below Support â Stop Loss
Resistance â Possible Target
đĄ Patience is important.
A support level can break, so always have a risk plan.
#Binance #SupportResistance #TradingStrategy #cryptotrading
When price reaches a strong Support Zone, many traders start watching for a possible bounce.
But don't buy just because price touched support.
Try this process:
1ïžâŁ Mark the Support Zone
2ïžâŁ Wait for price to reach it
3ïžâŁ Look for bullish confirmation
4ïžâŁ Enter only if your setup is confirmed
5ïžâŁ Place Stop Loss below your invalidation level
6ïžâŁ Set a realistic Take Profit
Example:
Support â Confirmation â Entry
Below Support â Stop Loss
Resistance â Possible Target
đĄ Patience is important.
A support level can break, so always have a risk plan.
#Binance #SupportResistance #TradingStrategy #cryptotrading