Post
Topic
Board Trading Discussion
Re: Resistance and the support point
by
coinwizard_
on 18/05/2018, 20:42:09 UTC
Technical trader has no problem determining about the resistance and support area. But how did they able to know that this is the resistance point and this is the support. I am a trader but I am not a technical trader. What specific signal or volume or etc to know it is that and that?

Support levels are when the price is going down but is supported by a buy wall so it doesn't go down any further. Resistance is when the market is pushing up but the sell wall is resisting a price rise.