What does trade by lines mean?

<p id="isPasted">"Trading by lines" refers to a technical analysis strategy where traders utilize trend lines on charts to identify potential entry and exit points for trades. These trend lines, drawn by connecting significant price points (swing highs and lows), help visualize market direction and potential support and resistance levels.&nbsp;</p><p>Elaboration:</p><p>Trend Lines:</p><p>These are lines drawn on price charts to connect a series of price points, such as swing highs in an uptrend or swing lows in a downtrend.</p><p>Market Direction:</p><p>Trend lines help traders understand whether the market is trending upward, downward, or sideways.</p><p>Support and Resistance:</p><p>Trend lines can also indicate potential support (buy zones) and resistance (sell zones) levels where prices may bounce or stall.</p><p>Trading Strategy:</p><p>By analyzing trend lines, traders can identify potential entry points (e.g., buying when a trend line is acting as support) and exit points (e.g., selling when a trend line is broken).</p><p>Technical Analysis:</p><p>This strategy is part of technical analysis, which involves using charts and patterns to predict future price movements.&nbsp;</p>