📊 Lesson 5 in Trading – Support and Resistance (One of the Market's Key Secrets)
Once you grasp support and resistance, you'll start to see price action more clearly 👇
🔹 What is Support?
Support is a price zone where, when the price hits it, it often stops dropping and begins to bounce upwards 📈
Because buyers step in at this level.
🔹 What is Resistance?
Resistance is a price zone where, when the price hits it, it often stops rising and starts to drop 📉
Because sellers enter the market there.
🔹 How do we use them?
✅ Buying is better near support with a bounce
✅ Selling is better near resistance with signs of weakness
🔹 A Simple Example:
If the price hovers between 95 and 100 several times:
95 could be support
100 could be resistance
🔹 A Very Important Point:
If the price breaks through resistance strongly, it may turn into new support
And if it breaks support, it may become new resistance
🔹 Beginner Mistakes:
❌ Buying in the middle of the zone without a reason
❌ Selling at support
❌ Ignoring stop losses
🎯 My Advice:
Draw support and resistance lines on the chart daily, and over time, your vision will sharpen
⏰ Our meeting is every day
🔥 Follow the page and turn on notifications for the next lesson
#AaveAnnouncesDeFiUnitedReliefFund #JustinSunSuesWorldLibertyFinancial #KelpDAOExploitFreeze $BTC $BNB $USDC
Once you grasp support and resistance, you'll start to see price action more clearly 👇
🔹 What is Support?
Support is a price zone where, when the price hits it, it often stops dropping and begins to bounce upwards 📈
Because buyers step in at this level.
🔹 What is Resistance?
Resistance is a price zone where, when the price hits it, it often stops rising and starts to drop 📉
Because sellers enter the market there.
🔹 How do we use them?
✅ Buying is better near support with a bounce
✅ Selling is better near resistance with signs of weakness
🔹 A Simple Example:
If the price hovers between 95 and 100 several times:
95 could be support
100 could be resistance
🔹 A Very Important Point:
If the price breaks through resistance strongly, it may turn into new support
And if it breaks support, it may become new resistance
🔹 Beginner Mistakes:
❌ Buying in the middle of the zone without a reason
❌ Selling at support
❌ Ignoring stop losses
🎯 My Advice:
Draw support and resistance lines on the chart daily, and over time, your vision will sharpen
⏰ Our meeting is every day
🔥 Follow the page and turn on notifications for the next lesson
#AaveAnnouncesDeFiUnitedReliefFund #JustinSunSuesWorldLibertyFinancial #KelpDAOExploitFreeze $BTC $BNB $USDC
