Resistance Level definition
Definición
Price point where selling pressure typically prevents further rise
Breaking resistance like $60,000 in 2024 turned it into support; failed breaks signal reversals, guiding short positions. Identification: Previous highs, trendlines, round numbers. Role Reversal: Break + close above = new support. Confirmation: Volume surge on breakout.
Breaking resistance like $60,000 in 2024 turned it into support; failed breaks signal reversals, guiding short positions. Identification: Previous highs, trendlines, round numbers. Role Reversal: Break + close above = new support. Confirmation: Volume surge on breakout.
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