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Read very well and look in screenshot and draw same line like me first
Attention Spot traders :
In this screen, you'll see three types of colored lines:
1. Red line (known as the resistance line)
2. Green line (known as the support line)
3. Yellow dotted line (indicating market direction, either uptrend or downtrend).
Currently, the market is trading at the resistance line, suggesting a potential selling opportunity. As per the strategy, we buy at the support and sell at the resistance. In this scenario, we wait for the current candle to reach the support point. If the market fails to decline to the support, it may break above the resistance line. In such a case, it's essential to wait for a retest. If the market retraces to retest the former resistance line, now acting as a support, it presents a buying opportunity. Therefore, spot traders should buy at the support point and sell at the resistance point.
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