Hey fellow traders! Today, let's dive into a crucial concept that can make or break your trading strategy: support and resistance levels.
These levels act like invisible barriers on your charts, helping you identify where price might bounce or break through. One handy tool for spotting these levels is an indicator based on fractals, which can pinpoint these critical areas with precision.
By understanding support and resistance, you can enhance your trading decisions, whether you're day trading or swing trading. Keep an eye on these levels, and you might just find your next great entry or exit point!
Happy trading!
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