FILUSDT support and resistance levelsSupport and resistance are created by the decision making of market participants, as they operate within an environment of uncertainty. Decisions to buy or sell are made through referencing current price against previous areas which caused significant emotional response, in particular those areas which led to regret of missing out on opportunity, or those areas which trapped traders in losing positions. There are other factors involved, not least of which is the simple self-fulfilling prophecy.
Notice that support and resistance is an AREA in which traders make decisions. Different traders will make their decision at different prices, and will act on that decision at different times within that area.
