Day Eighty-Three · Support and resistance are the two banks of the river

The river water will not overflow the banks.
When it rises, it approaches the left bank; when it falls, it approaches the right bank. But most of the time, it flows quietly in the middle. The banks are its boundaries and also its protection.
Open the chart, and support and resistance are those two banks.
When the price drops to support, like the river water approaching the left bank. Some start buying, some start fearing, and the riverbed supports it.
When the price rises to resistance, like the river rushing toward the right bank. Some start selling, some become greedy, and the dam blocks it.
I used to always want to break through. Thinking only by rushing out, it would be a win.
Later I understood, the river doesn't need to leave the bank. It flows between the two banks, nourishing the entire plain.
When floating losses occur, I check if support is still there. If it is, I wait. If it breaks, I look for the next one.
The banks are not shackles; they are maps. #GatePreIPOs首发SpaceX