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Support and Resistance Levels

newsbtc
newsbtc
4 years ago
1 min read
Beginner Crypto Trading 101 Support and Resistance Levels

Support and resistance levels are the key to understanding where to buy or sell. Orders are located in clusters around rounded numbers, or trend lines. When price action occurs around these clusters, large moves result, such as breakouts or rejections. This lesson will explain how to draw support and resistance lines, what a support and resistance flip is, and the different types of support and resistance that exist.
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