Support & Resistance made simple
Support = a price level where the coin stopped falling multiple times before.
Resistance = a level where the price failed to go higher multiple times.
How to spot them:
1. Open a chart on any coin like $SXT $AVAX etc.. (15min, 1h, or daily).
2. Look left. Mark price zones where price bounced up (support) or fell down (resistance) 2+ times.
3. Draw horizontal lines at those zones.
How to trade:
Wait for price to come near support, look for bounce and enter long.
Price near resistance? Watch for rejection and consider short/sell.
Tip: Use clear candle patterns like a strong wick or engulfing candle to confirm.
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