Resistance level is a price level where selling pressure historically prevents further rise. Acts as a "ceiling" for price.
📊 How to Identify
- Previous highs: Reject 2-3+ times
- Moving averages: MA50/100/200 from above
- Round numbers: 50,000 / 100,000 VND
- Trendline: Connect 2+ swing highs
🎯 Trading Resistance
- Sell/short at resistance + reversal candle
- Stop loss above resistance 2-3%
- Breakout above resistance + volume → strong bullish (former resistance becomes support)