The breakout range is simply a failed order zone that reverses, then later turns into a strong support or resistance area when the price returns to it 📈📉
In short, it is the area where professional investors lost control, then the price broke through it, and when it comes back, the same area reacts strongly again ⚡
Therefore, it can be said: Breakout ranges act as strong support and resistance zones, and they are among the most reliable PD sets in SMC setups. 🔥
Why is it important? 👇
• Helps identify the points where major traders stumble • Acts as a high-probability reversal zone • Makes entry points more precise in SMC trading #LTC #UNI #BCH $LTC $UNI $BCH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
What is the 💥 breakout range (BB)?
The breakout range is simply a failed order zone that reverses, then later turns into a strong support or resistance area when the price returns to it 📈📉
In short, it is the area where professional investors lost control, then the price broke through it, and when it comes back, the same area reacts strongly again ⚡
Therefore, it can be said:
Breakout ranges act as strong support and resistance zones, and they are among the most reliable PD sets in SMC setups. 🔥
Why is it important? 👇
• Helps identify the points where major traders stumble
• Acts as a high-probability reversal zone
• Makes entry points more precise in SMC trading
#LTC #UNI #BCH
$LTC
$UNI
$BCH