Currency Economy

4 ways investors use support and resistance levels to make better trades

Cryptocurrency49 minutes ago (Jun 28, 2021 10:00PM ET)4 ways investors use support and resistance levels to make better trades

4 ways investors use support and resistance levels to make better trades

Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify an asset’s support and resistance levels.

Once traders can spot the support and resistance levels, they can improve their entry and exit timing in the market. Support and resistances are also helpful during bullish, bearish and range-bound markets.EOS/USD daily chart. Source: TradingViewLTC/USDT daily chart. Source: TradingViewBTC/USDT daily chart. Source: TradingViewETH/USDT daily chart. Source: TradingViewEOS/USD daily chart. Source: TradingViewETH/USDT daily chart. Source: TradingViewBTC/USDT daily chart. Source: TradingViewDOT/USDT daily chart. Source: TradingView

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