How an asset is losing buyer support.
Small scheme as holders and buyers based on hopes for growth in the past
hope to get a stable trend and get disappointed and go out selling
1) bounce above Supports
2) more rebound
3) Support is broken, but then turned out to be false (support is no longer completely reliable)
4) support broken for the second time (maybe there will be no support in the future)
5) Support turned out to be resistance
6) fall into obscurity
Holders exit the asset because there is no longer past price behavior.
You can draw a new support, but there is no guarantee that it will not be broken too.
https://www.tradingview.com/x/j6ep8OhY/
hope to get a stable trend and get disappointed and go out selling
1) bounce above Supports
2) more rebound
3) Support is broken, but then turned out to be false (support is no longer completely reliable)
4) support broken for the second time (maybe there will be no support in the future)
5) Support turned out to be resistance
6) fall into obscurity
Holders exit the asset because there is no longer past price behavior.
You can draw a new support, but there is no guarantee that it will not be broken too.
https://www.tradingview.com/x/j6ep8OhY/
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