1.Sport Resistance:
Sport resistance refers to a price level where an asset faces selling pressure. It acts as a barrier preventing further upward movement.
Traders often observe sport resistance at key psychological levels (e.g., round numbers) or previous highs.
2.Entry Levels:
Finding optimal entry points is crucial for successful trades.
Consider these entry strategies:
Pullbacks:Â Enter after a price retracement (pullback) from a strong trend.
Breakouts:Â Enter when the price breaks above a resistance level.
Support Bounces:Â Enter near support levels after a bounce.
3.Risk Management:
Set stop-loss orders below entry points to limit losses.
Calculate risk-reward ratios before entering a trade.
Remember, thorough analysis and risk management are essential for profitable trading. đđĄ
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