Horizontal Resistance $BTC

4. Apr. 2018

Every trader has their own indicator preferences and forms a trading system based on those preferences. One of my absolute favorites is looking at historic horizontal resistance. Looking just at this recent fall in the 15 min. timeframe, the small consolidations have occurred perfectly on historic resistance/support zones. These are good areas to lock in profit and open new trades with tight stops. Maybe give it a try and work horizontal resistance into your trading system. One bit of advice is to make horizontal zones, not lines; this gives you a higher probability of making a winning trade. Good luck!