Range High is the highest price an asset reaches over a specified period (e.g., 14 days). It’s a simple way to gauge resistance levels or breakout points. How is it used?
- Breakouts: A price moving above the Range High may signal a bullish breakout.
- Resistance: Range High often acts as a ceiling where prices struggle to break through.
- Stop-loss placement: Set stops below the Range High for short trades.