Buy on a breakout and long; short on a break below and rebound. If the price breaks below the support level, those who were trapped in long positions will try to get out and run, and this level will henceforth become a resistance level. Once the resistance is broken, those who miss the pump before finally can't resist and buy in with real money, turning it into support. The market is not completely random; it is "drawn" with real money by everyone who has "made money, lost money, been trapped, and suffered losses."
This article is machine translated
Show original

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




