💥💥There are still people who don't know how to find support levels and resistance levels, right?
Find the supportresistance level quick method, learn it in one go. Hello everyone, I'm Brother Shiguang. Many friends say that they don't understand support and resistance levels, rely on intuition when trading, make money based on luck, follow KOL's blind shouting, and finally get liquidated. 😂 As a man who earns 100W from a single currency, Brother Shiguang will use easy-to-understand language to help you quickly learn support levels and resistance levels. Without further ado, let's get started. 😂 1, support and pressure support: a level (or range) that prevents or temporarily stops a price from falling Pressure: the position (or a certain interval) that prevents the price from pumping or temporarily pumping PS: For easier understanding, let me give you an example that you will instantly get it 😂😂 It's like we're in a tall building. There are many layers inside, each layer has a ceiling and a floor. The ceiling is the factor that prevents us from pumping, and the floor is the factor that prevents us from falling. Got it. Once we break through upwards or downwards, we will enter a new layer. That breakthrough point. It is the basis for our trading. 2, how to find support and resistance level (emphasized) The most basic and important, support level and resistance level. As shown in the figure Practical Operation Techniques: resistance level: When the currency price reaches this point, it's time to consider exiting the market or reducing position. Support level: When the price reaches this position, it is time to Build a Position or increase the position. Remember: in the future, you will form your own basic trading framework and understand many of the teachers' words. You just need to follow these points, not look at everything. Do you understand, 😂 darlings. Experience: The most practical and operational skills, such as when to catch the bottom, can provide you with specific points. 😂😂 Very useful. 3, practical operation, next I will find several me me tags➕market tags, let you integrate. 4You don't need to look, haha😂, to figure out why this supportresistance level is trustworthy and effective, you'll understand after reading it. 4. The causes of support pressure The cause of support压力的成因到底是啥呢😂 support: When the price falls to a certain area, the shortsPosition takes profit, fills the position, or the breakeven of the shortsPosition at a lower position in the previous period exits, resulting in more buying than selling pressure, leading to a price rebound, then this area can be called support. If it touches this position several times without forming an effective breakthrough, it becomes a strong support. Pressure: When the price pumps to a certain area, longs take profit and cover, or trapped positions at higher levels are eager to close the Position, resulting in a large number of sell orders, causing the price to fall, so This area can be referred to as resistance. If there are multiple attempts to touch this position without forming a valid breakthrough, it will become strong resistance. It doesn't matter if you don't understand, just remember that this is the most practical indicator, just know how to use it. 😂😂
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
💥💥There are still people who don't know how to find support levels and resistance levels, right?
Find the supportresistance level quick method, learn it in one go.
Hello everyone, I'm Brother Shiguang. Many friends say that they don't understand support and resistance levels, rely on intuition when trading, make money based on luck, follow KOL's blind shouting, and finally get liquidated. 😂 As a man who earns 100W from a single currency, Brother Shiguang will use easy-to-understand language to help you quickly learn support levels and resistance levels. Without further ado, let's get started. 😂
1, support and pressure
support: a level (or range) that prevents or temporarily stops a price from falling
Pressure: the position (or a certain interval) that prevents the price from pumping or temporarily pumping
PS: For easier understanding, let me give you an example that you will instantly get it 😂😂
It's like we're in a tall building.
There are many layers inside, each layer has a ceiling and a floor.
The ceiling is the factor that prevents us from pumping, and the floor is the factor that prevents us from falling. Got it.
Once we break through upwards or downwards, we will enter a new layer. That breakthrough point. It is the basis for our trading.
2, how to find support and resistance level (emphasized)
The most basic and important, support level and resistance level. As shown in the figure
Practical Operation Techniques:
resistance level: When the currency price reaches this point, it's time to consider exiting the market or reducing position.
Support level: When the price reaches this position, it is time to Build a Position or increase the position.
Remember: in the future, you will form your own basic trading framework and understand many of the teachers' words. You just need to follow these points, not look at everything. Do you understand, 😂 darlings.
Experience: The most practical and operational skills, such as when to catch the bottom, can provide you with specific points. 😂😂 Very useful.
3, practical operation, next I will find several me me tags➕market tags, let you integrate.
4You don't need to look, haha😂, to figure out why this supportresistance level is trustworthy and effective, you'll understand after reading it.
4. The causes of support pressure
The cause of support压力的成因到底是啥呢😂
support: When the price falls to a certain area, the shortsPosition takes profit, fills the position, or the breakeven of the shortsPosition at a lower position in the previous period exits, resulting in more buying than selling pressure, leading to a price rebound, then this area can be called support. If it touches this position several times without forming an effective breakthrough, it becomes a strong support.
Pressure: When the price pumps to a certain area, longs take profit and cover, or trapped positions at higher levels are eager to close the Position, resulting in a large number of sell orders, causing the price to fall, so
This area can be referred to as resistance. If there are multiple attempts to touch this position without forming a valid breakthrough, it will become strong resistance.
It doesn't matter if you don't understand, just remember that this is the most practical indicator, just know how to use it. 😂😂