📊 Trading with Support and Resistance Levels: A Quick Guide
1.Support Level (S): Around $3.45 (recent price).
A key area where buying interest accumulates.
Price tends to bounce off this level.
2.Resistance Level (R): Approximately $5.208 (recent high).
A zone where selling pressure intensifies.
Potential reversal point.
3.Entry Strategy: Buy Entry: If price confirms support at $3.45. Sell Entry: If price breaks above $5.208.4. Risk Management: Set a clear stop-loss below support. Manage risk to protect capital.
Remember, patience and discipline are essential. Always adapt to market conditions! 🚀
---Feel free to ask if you need further details or have any other requests! 😊📈
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