Hidden Resistance / take-profit levels!

💢When support levels are broken downwards, they function as potential hidden resistance during a potential price increase.

👉 For example, a coin with support levels at 11, 10, and 9 when the price is at 12, if it drops to price level 8, it needs to surpass the former hidden resistance, which were the support levels. If you bought the coin at 9, price levels 10 and 11 can also be used as profit-taking points.

👉Hence, it’s advisable to set a stop-loss order, even if you’ve purchased at support levels (e.g., 5%).

 

👉 This is not financial advice; please make your own decisions.

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