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If you want to know the support and resistance levels for any currency, I am available today until the end of the day to provide assistance. Be careful, this 2025 is the year of the snake! I love you all, don't forget to follow me.
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📊 Support and Resistance: A Comprehensive Guide for Beginners in Trading
🔍 What are support and resistance levels?
· Support:
✔ A price level where the decline halts due to buying strength
✔ Represents a 'floor' for the price where buyers find the price attractive
✔ Appears on the chart as a horizontal line or price area
· Resistance:
✔ A price level where the rise halts due to selling strength
✔ Represents a 'ceiling' for the price where sellers consider the price high
· Support:
✔ A price level where the decline halts due to buying strength
✔ Represents a 'floor' for the price where buyers find the price attractive
✔ Appears on the chart as a horizontal line or price area
· Resistance:
✔ A price level where the rise halts due to selling strength
✔ Represents a 'ceiling' for the price where sellers consider the price high
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**"How to decode the chart in 3 steps?"**
📈 **Step 1: Identify the trend**
- **Uptrend:** Higher highs and higher lows.
- **Downtrend:** Lower highs and lower lows.
- **Sideways trend:** A confused market without a clear direction.
* *always follow the general trend, and do not collide with it.*
📈 **Step 2: Look for support and resistance areas**
- **Support:** An area where buyers appear (price floor).
- **Resistance:** An area where sellers appear (price ceiling).
- Price tends to bounce from these areas.
📈 **Step 3: Watch the volume**
- Price movement without volume = weak movement.
- Large volume confirms the strength of the trend.
➡️ **Practice is the key to mastery. Try on historical charts first.**
#Technical_Analysis #Chart_Reading #دعم_ومقاومة
#BTC
📈 **Step 1: Identify the trend**
- **Uptrend:** Higher highs and higher lows.
- **Downtrend:** Lower highs and lower lows.
- **Sideways trend:** A confused market without a clear direction.
* *always follow the general trend, and do not collide with it.*
📈 **Step 2: Look for support and resistance areas**
- **Support:** An area where buyers appear (price floor).
- **Resistance:** An area where sellers appear (price ceiling).
- Price tends to bounce from these areas.
📈 **Step 3: Watch the volume**
- Price movement without volume = weak movement.
- Large volume confirms the strength of the trend.
➡️ **Practice is the key to mastery. Try on historical charts first.**
#Technical_Analysis #Chart_Reading #دعم_ومقاومة
#BTC
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