When the price falls to or near the previous low point, or when it falls to the market's psychological bottom line or a position protected by the bulls, the price may stop falling and rebound after being supported at this position.
The strength of the rebound determines the height of the rebound. However, if the weak rebound is blocked by resistance, it is not ruled out that it may continue to fall. Once it falls below the support level, the price may further decline or drop rapidly.
The above explains the application of support levels. The application of resistance levels will be updated later.
BTCUSDT
XAUUSD
EURUSD
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The strength of the rebound determines the height of the rebound. However, if the weak rebound is blocked by resistance, it is not ruled out that it may continue to fall. Once it falls below the support level, the price may further decline or drop rapidly.
The above explains the application of support levels. The application of resistance levels will be updated later.
BTCUSDT
XAUUSD
EURUSD
GC1!
USOIL
