Must read: Old resistances are turning in support levelsGive this idea a thumb up, to see more of this. I'll post quick trading ideas and education only my Twitter account.
I was looking for some good trades today and I just found this obvious trade. During I was analysing this coin, I decided to post this in "education", because I spotted that this is a classical example of:
- How resistances can turn into support levels and vice versa
- To buy when it breaks out
- To sell when it finds resistance
My advice: if you are are a beginner trader, keep watching to this chart for +/- 20 minutes and try to explain every buy or sell moment to yourself.
If you fully understand this, you are able to relate every buy or sell moment to a moment in the past, which is in this chart
Don't hesistate to ask me questions, but it can take a while before I answer it.
