Support an resistance zones are critical in the market. These are the juicy spots from which market-makers get to feed themselves immensely. Many traders get trapped in these zones. Buyers are trapped when the market-maker's intention is to SELL and sellers are trapped when the intention is to BUY.
It very important for ordinary retail traders like you and I to...
Sometimes just a simple line is not working and this is the time that zone gets its meaning.
so instead of using so many lines, we can use <> and create some support and resistance zones instead of simple support and resistance.
here take look at the Bitcoin example in previous weeks:
But let's take look at the 30K support zone instead of the 30K support:
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