Support and Resistance Level Breakthroughs

December 5, 2021

Help Center
Drawing Tool
Horizontal Lines
Support and Resistance Level Breakthroughs

The chart goes beyond the support and resistance levels periodically and breaks through them.

If the price drops sharply and continues to decline, the support level becomes the resistance level.

This happens when traders begin to actively sell an asset and its value drops sharply.

If the asset price rises sharply and continues to increase, the resistance level becomes the support level.

The reason for such a breakthrough is a large volume of asset purchases and a rise in its value.

Was this article helpful?

Like 1 Dislike 0

Next Step

Previous: How to Draw Support and Resistance Levels

Next: False Breakthroughs

The company is committed to meeting your global asset trading and investment needs

All transactions involve risks, and the loss may exceed your deposit.

Follow Us on

Getting started

Up to $100000 in virtual capital

Start real contract trading

Risk Warning : Trading CFDS on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.