Want to find better support and resistance areas? You know, the ones that trigger an immediate reaction from the market.
Who doesn’t, right?
That’s the focus of today’s issue. I’ll show you techniques I use to identify high-reliability support and resistance areas using confluence.
I’ll also provide updates on BTC, ETH, ADA, and DOT.
What is Confluence?
According to Google, confluence refers to “the junction of two rivers” or “an act or process of merging”.
Both of those will work.
In markets, confluence refers to the intersection of two or more levels, indicators, etc. For example, it could be two moving averages or a trend line and a Fibonacci retracement that merge at a particular location.
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