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Support & Resistance

by LevelTrader

4.6

This strategy identifies key support and resistance levels and trades the bounces. It buys near support with confirmation and sells near resistance, using price action to validate entries.

Support ResistancePrice ActionTechnical Analysis
Quick Stats
Active Users845
Backtest Return+29.4%
Win Rate61%
Max Drawdown-13.6%
Install StrategyView Documentation
Strategy Type
mean reversion
Supported Exchanges
BinanceCoinbaseKraken
How It Works

This strategy identifies key support and resistance levels and trades the bounces. It buys near support with confirmation and sells near resistance, using price action to validate entries.