1 Best trading indicators for support/resistance identification

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Indicators that locate key price levels of market interest These indicators specialize in identifying specific price levels where buying or selling pressure is expected to increase. By analyzing historical price data and market psychology, they help traders anticipate potential areas of price reversal or consolidation, enabling more informed decisions on entry and exit points, as well as stop loss and take profit levels.

Volume Profile

7.63 Score

Known for Visualizing Trading Activity At Price Levels

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Facts about Best trading indicators for support/resistance identification

Volume Profile
- The complexity level of Volume Profile is Advanced.
- The main applications of Volume Profile are Price Discovery,Support/Resistance Identification..