{"id":1698,"date":"2022-03-22T06:22:44","date_gmt":"2022-03-22T06:22:44","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=1698"},"modified":"2022-03-22T06:22:44","modified_gmt":"2022-03-22T06:22:44","slug":"support-and-resistance-strategy","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/03\/22\/support-and-resistance-strategy\/","title":{"rendered":"Support and Resistance strategy"},"content":{"rendered":"\n<p>Support and resistance lines allow traders to visualise the range within which the asset price is moving. Support creates a lower limit of price, and resistance constitutes the upper level. Here is how to identify support and resistance levels for an asset price.<\/p>\n\n\n\n<p>\u2013 Historical data is a reliable option to identify support and resistance levels for the asset. Traders take into account periods of significant gains and losses as indicators for future price movements<\/p>\n\n\n\n<p>\u2013 Support and resistance change their roles when a breakout happens. Traders take into account previous &nbsp;support and resistance levels to understand how asset price has moved<\/p>\n\n\n\n<p>\u2013\u00a0Fibonacci Retracement\u00a0also offer a useful technical analysis in understanding dynamic support and resistance levels<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Support and resistance lines allow traders to visualise the range within which the asset price is moving. Support creates a lower limit of price, and resistance constitutes the upper level. Here is how to identify support and resistance levels for an asset price. \u2013 Historical data is a reliable option to identify support and resistance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[301],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/1698"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=1698"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/1698\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=1698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=1698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=1698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}