do you buy at resistance or support?
M
@mercury01
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2 months ago
A resistance level usually prevents price from moving upwards, so I always sell at the resistance, but I wait to see a bearish engulfing confirmation candlestick pattern before i sell.
M
@mercury01
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2 months ago
I don't rush to sell at a resistance because resistance can suddenly fail and turn to support . I wait to see how price reacts to the resistance line before taking action. I wait to see an opposite bearish 5-minute candle before i sell.
The lowest risk entry is to wait for resistance to become support before buying. However, this may not always happen as sometimes price could just push through resistance without returning to retest it.
B
@brenda_lesotho
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3 weeks ago
I wait for price to reject at a support level and begin an upward movement before I buy