supportandresistance

Everyone is asking whether $GIGGLE has reached its bottom or if the move is already over. The simple truth is that the major pump has already occurred, and the price is now cooling near a strong support zone. This is typically the phase where uncertainty and emotions dominate the market.
Here is a realistic view of the potential scenarios ahead:
Bullish Scenario:
If buyers step in and the current support holds, a sharp rebound is possible. Short-term targets could be in the $100–$140 range, and if momentum strengthens further, an extension toward $180+ cannot be ruled out.
Bearish Scenario:
If this key support fails, the price may continue to decline before forming a sustainable base. In such a case, patience is essential, as entering too early can trap traders.

Bottom Line:
This is not a zone to chase price action.
Either support confirms and upside momentum develops, or it breaks and offers better opportunities at lower levels.
Smart money waits for confirmation—it does not rely on guesses.
Disclaimer:
This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and involve significant risk. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. You are solely responsible for your trading actions and any resulting gains or losses.
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Most retail traders see support and resistance as exact lines. Smart money doesn’t.
Institutions and whales treat these levels as zones of liquidity, not precise prices. When price approaches a well-known support, retail traders place buy orders and tight stop-losses just below it. Smart money uses this liquidity to push price slightly below support, trigger stops, collect orders — and then reverse the move.

The same happens at resistance. Instead of selling exactly at resistance, smart money often lets price break above it, trapping breakout buyers, before selling into their momentum.

Key differences in how smart money trades S&R:

They focus on zones, not single levelsThey wait for liquidity grabs, not clean bouncesFake breakouts matter more than perfect rejections

High volume near levels signals accumulation or distribution
If price reacts too cleanly at a level, be cautious. The real move usually starts after the crowd is trapped.
Trade the reaction, not the line.

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Most traders know what support and resistance are, but very few draw them correctly. This is why many people say these levels do not work. The problem is not the concept. The problem is how it is used. Support and resistance are not exact prices. They are areas where the market made important decisions before.

To draw them properly, you must stop thinking in straight lines and start thinking in zones.

The first step is choosing the right timeframe. Higher timeframes matter more. A support level on a daily chart carries more weight than one on a five minute chart. Beginners often draw levels on very small timeframes and get confused when they break easily. Start from the higher timeframe and then move down.

Next, focus on clear reactions. Look for areas where price strongly bounced up or got rejected down multiple times. One touch is not enough. Repeated reactions show that many traders noticed that area and acted there. That shared memory is what creates a real level.

Do not draw from wicks only or bodies only. Use both. Wicks show rejection. Bodies show acceptance. The area between them is often the real zone where decisions happened. Drawing a box instead of a thin line helps you see this clearly.

Avoid clutter. More levels do not mean better analysis. Too many lines remove clarity. Keep only the most obvious zones where price changed direction or paused strongly. If you have to convince yourself a level exists, it probably does not matter.

Always ask why a level exists. Was it a previous high or low? Was it a consolidation range? Was it a breakout point? Levels with a story behind them are stronger than random lines.

Context matters more than precision. A support level in an uptrend behaves differently than a support level in a downtrend. Trend gives direction. Support and resistance give location. Using one without the other leads to bad trades.

Watch how price reacts when it returns to a level. Strong rejection, slow grinding, or fast break all tell different stories. Do not assume a bounce just because price reached support. Let price show intent.

One common mistake beginners make is constantly adjusting levels to fit price. Levels should guide your expectations, not be redrawn every candle to feel right.

Support and resistance are not entry signals by themselves. They are areas of interest. They help you plan trades, define risk, and manage expectations.

When drawn correctly, support and resistance simplify the chart instead of complicating it. They turn noise into structure.

In trading, clarity is power. Properly drawn levels do not predict the future. They prepare you for it.
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#supportandresistance

we tackle the most fundamental and critical concept in Technical Analysis (TA): accurately defining Support (S) and Resistance (R) levels.
S​/R levels are the starting point for all trading, as they highlight areas where the price is likely to pause, reverse, or accelerate its trend.
​📐 How to Define Support & Resistance (S/R)
​1. Support (S)
​Definition: Connect the previous Low points where the price was declining but then reversed and moved up (Bounced).​Function: This is the area where buying pressure is expected to absorb selling pressure, often considered the "Waiting Area for Buyers."
​2. Resistae (R)
​Definition: Connect the previous High points where the price was rising but then reversed and moved down (Rejected).​Function: This is the area where selling pressure is expected to overwhelm buying pressure, often considered the "Waiting Area for Profit-Takers."
​The strength and reliability of an S/R level can be determined by the following factors:​Frequency of Contact: The more times the price touches and respects a level, the stronger that level becomes. (e.g., A level respected 3 times is stronger than one respected once.)​Timeframe: S/R levels identified on Higher Timeframes like the Daily (1D) or Weekly (1W) charts are significantly more reliable than those on a 1-Hour chart.​Role Reversal (Flip): A strong Resistance level, once broken and passed, often returns to act as a strong new Support level (known as an S/R Flip).💡 Measuring the Strength of S/R LevelThe strength and reliability of an S/R level can be determined by the following factors:​Frequency of Contact: The more times the price touches and respects a level, the stronger that level becomes. (e.g., A level respected 3 times is stronger than one respected once.)​Timeframe: S/R levels identified on Higher Timeframes like the Daily (1D) or Weekly (1W) charts are significantly more reliable than those on a 1-Hour chart.​Role Reversal (Flip): A strong Resistance level, once broken and passed, often returns to act as a strong new Support level (known as an S/R Flip).
​Trading Tip: Always think of S/R as a Zone or Area rather than a single, thin line. The price may not touch the exact line but reverse from the general vicinity.​Question: In your trading, what is the single strongest factor that defines a powerful Support or Resistance level for you (e.g., All-Time High, Round Number, the 200 MA)? Share your criterion in the comments!#supportandresistance #techinicalanalysis #SRFlip #TradingFoundation $ZEC $KITE $INJ