One method of trading near support/resistance levels is to enter a position immediately after a bounce.

Many retail traders make the mistake of placing their orders at support/resistance levels, expecting them to become active soon.

Yes, sometimes this strategy can work, but you need to keep in mind that support and resistance are not exact numbers. Therefore, in order to filter out false movements (breakdowns), you should perceive support/resistance levels as some โ€œzonesโ€.

It is best to build zones on a line chart, which will remove unnecessary noise of the candlestick chart.

By admin:@Future Bull

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