Support and Resistance Flip

Once resistance or support has been passed through, price often comes back to confirm it as the opposite. For example, if resistance has been breached, it is often retested as resistance turned support. Once support is confirmed, price moves again.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Newsletter