Decoding Chart Patterns in Binance: Support and Resistance... Your Gateway to Profit or Loss!"

Very important information you need to know

Support Point: It is a price level where we expect the downtrend to stop due to significant demand. Think of it as a "floor" from which the price rebounds upward. When the price reaches the support level, it often rises again.

Resistance Point: It is a price level where we expect the uptrend to stop due to significant supply (sellers). Think of it as a "ceiling" from which the price rebounds downward. When the price reaches the resistance level, it often declines again.

How to identify these points on the chart:

Look for "Turning Points":

For support: Note the lowest points that the price reached and then rebounded upward from. These low points often cluster around a specific price level.

For resistance: Note the highest points that the price reached and then rebounded downward from. These high points often cluster around a specific price level.

#الدعم_والمقاومة

#تحليل_فني

#تداول_العملات_الرقمية

#سوق_الكريبتو

#استراتيجيات_التداول

#Learn_Trading

#Technical_Analysis_for_Beginners

#Japanese_Candles