SUPPORT & RESISTANCE + BREAKOUTS
BTCUSDT Perpetual Contract BYBIT:BTCUSDT
Price moves within support & resistance . Once price breaks out of support/resistance , it will lead to movement within the next support & resistance zones. Usually a retest occurs before moving within the next area, which can be considered as a good level for entry ( unless its a fake breakout).
When price breaks through support, it then becomes resistance – in the same way; if price breaks resistance it then becomes a support zone .
