Malaysia
2025-04-28 14:29
IndustryPinpointing robust resistance levels
#CurrencyPairPrediction
Pinpointing robust resistance levels is the foundational step in anticipating potential failed breakouts. These levels aren't arbitrary lines; they represent price points where significant selling interest has historically emerged, halting upward momentum. Look for areas where price has repeatedly stalled or reversed after prior upward moves. The more times a price level has acted as resistance, the greater its significance. Consider swing highs, previous peaks, and the upper boundaries of established trading ranges. Drawing horizontal lines connecting these highs can visually highlight potential resistance zones. Be mindful that resistance isn't always a precise price; it can sometimes be a small zone. Identifying these key areas sets the stage for recognizing when a breakout attempt might falter.
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Pinpointing robust resistance levels
#CurrencyPairPrediction
Pinpointing robust resistance levels is the foundational step in anticipating potential failed breakouts. These levels aren't arbitrary lines; they represent price points where significant selling interest has historically emerged, halting upward momentum. Look for areas where price has repeatedly stalled or reversed after prior upward moves. The more times a price level has acted as resistance, the greater its significance. Consider swing highs, previous peaks, and the upper boundaries of established trading ranges. Drawing horizontal lines connecting these highs can visually highlight potential resistance zones. Be mindful that resistance isn't always a precise price; it can sometimes be a small zone. Identifying these key areas sets the stage for recognizing when a breakout attempt might falter.
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