Support and resistance levels don't exist until enough people believe in them. Then they become self-fulfilling prophecies.
3 brutal truths about S/R:
1. The more precise your line, the easier you get stop-hunted. S/R are ZONES, not exact lines. Market makers know where your stops are.
2. Price will eventually break through EVERY support and resistance. It's not IF, it's WHEN. Don't marry your levels.
3. S/R isn't for prediction—it's for RISK MANAGEMENT. Use them to size positions and set stops, not to predict the future.
Price breaks everything eventually. Trade the probability, not the prophecy.
3 brutal truths about S/R:
1. The more precise your line, the easier you get stop-hunted. S/R are ZONES, not exact lines. Market makers know where your stops are.
2. Price will eventually break through EVERY support and resistance. It's not IF, it's WHEN. Don't marry your levels.
3. S/R isn't for prediction—it's for RISK MANAGEMENT. Use them to size positions and set stops, not to predict the future.
Price breaks everything eventually. Trade the probability, not the prophecy.