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Identify Support and Resistance

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BITSTAMP:BTCUSD   比特幣
This is my first try to identify support and resistance. Above is resistance area $260~280, below is support $240. Due to breaking into $255~260 area lack of follow-through, so I think it worths to short below previous high $262.98, target $245~240. Newbies' idea anyway.

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