How can I find reliable MT4 support and resistance levels for Bitcoin trading?

1 answers

• Apr 09, 2022 · 3 years ago
  At BYDFi, we understand the importance of finding reliable support and resistance levels for Bitcoin trading. One way to do this is by using MT4's built-in tools and indicators. You can draw horizontal lines on your chart to mark support and resistance levels based on historical price data. Additionally, you can use indicators like the Moving Average or Fibonacci retracement levels to identify potential levels. It's important to note that support and resistance levels are not guaranteed to hold in all situations, so it's always a good idea to use them in conjunction with other analysis techniques and risk management strategies.
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