๐ Understanding psychological resistance levels in stocks is crucial. As they approach half and whole dollar marks, resistance is common. Be proactive and seize opportunities when stocks are near critical levels. Time to make smart buying decisions! ๐ช #StockTradingTips #PsychologicalResistance #SmartInvesting #StockResistance #LiveTradingArchives #PsychologicalSupport #StockMarketAnalysis #BuyerStrategies #PsychologicalLevels #StockPsychology #DayTradingStrategies
This is important because we have psychological resistance around half and whole dollars. So as stocks are approaching these levels, it's very common that we find resistance. So back to our little chart here. So in the first example I think I said this was like 498 right? So 4.98 or that was five dollars.
So I'd be a buyer as it's approaching that critical level of 498 for the break of five I might be buying at 495 496 might even be buying it for 485 depending on how much it pulled back and what the level two looks like. Now level two in time and sales I'm going to show you when we get into the live trading archives and in just a few minutes of this uh, this episode. but if this right here, this High a day was at 550. then your high a day is right at psychological Resistance.
Okay ๐, a few more videos and Iโll give it a go this 9-5 ainโt cutting it lol