Post
MeedoCrypto
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Trading Strategy Using Candlestick Chart to Determine Entry Point in the Market.
I will explain the steps shown in the image in detail:
1. Resistance:
• Resistance is a price level that the market struggles to break through upwards. On the chart, a horizontal line is drawn to represent this level based on previous peaks where the price has stopped.
2. Rejection Candle:
• This candle appears when the price reaches the resistance level.
1. Resistance:
• Resistance is a price level that the market struggles to break through upwards. On the chart, a horizontal line is drawn to represent this level based on previous peaks where the price has stopped.
2. Rejection Candle:
• This candle appears when the price reaches the resistance level.
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