Stuck --until exploration news What is a range-bound market?
A range-bound market is one in which price bounces in between a specific high price and a low price.
The high price acts as a major resistance level in which price can’t seem to break through.
Likewise, the low price acts as a major support level in which price can’t seem to break as well.
The market movement could be classified as horizontal, ranging, or sideways.
It’s also known as a “choppy market” or simply as “being choppy“.