So how do you know if the support and resistance levels really break? - Page 3 - Forex Trading - CryptoTalk.Org Jump to content
habibrony

So how do you know if the support and resistance levels really break?

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As its value increases and decreases, it has no specific value.Especially its price increases a lot in the Christmas season.At first its price is very low but as soon as the Christmas season starts its price starts to go up and now that the Christmas season is underway its price is very high.That's why you keep trading and it only happens for a while. If you keep track of it, you will see its value increase and decrease.

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On 4/21/2020 at 9:21 AM, BitcryptoHan said:

A good trader always put in consideration the support and resistance level, even swing treaders do check this, when the market moves towards down sides, it is predicted that the support is broken to a lower one so do upside level which means is breaking resistance. I like the resistance to break so that there will be price increment. 

The market to be moving toward the support line, thats doesn't means the support line has broken,  because to have the support line doesn't mm means that the price will only be bouncing to support line always, so sometimes it can move toward and back again. 

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I think these things are for the traders and for the investors who want to analyze the market and we are not concerned with it so  I can not aware if the market is good or in the bad situation and what will happen to the resistance and the level of the money and price.

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What if people sell all their money on the break out of the resistance or on the breakout of the support and after that the price goes up again and he regrets the loss

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