🧭 #Support & #Resistance — The Trader’s Map
🔹 Support: Think of it as the “price floor” — where buyers step in and push price up. Look for zones with multiple touches on the chart.
🔹 Resistance: The “price ceiling” — where sellers dominate, causing price to reverse. These levels act like barriers in the market.
📉 #HowToPlot Levels
📌 Draw horizontal lines at: ▪️ Past swing lows → Support
▪️ Past swing highs → Resistance
📐 Add trendlines in trending markets.
📊 Use Moving Averages (like 50MA or 200MA) — they act as dynamic support/resistance.
🔢 Apply Fibonacci Retracements (38.2%, 50%, 61.8%) to find confluence zones.
💡 #TradeIdeas
🟢 Bounce Trade: Buy near support ➜ Stop below ➜ Target next resistance.
🔴 Breakout Trade: Enter after price closes above resistance with volume ➜ Stop just below.
🔁 SR-Flip: Watch old resistance become new support — powerful signal!
🎯 #WhyItWorks
✅ These levels are built on buyer-seller psychology and repeated reactions.
🧠 Round numbers like $50K are strong emotional zones where traders take action.
⚡️ #QuickTake
Support/Resistance are your anchors in the market. Use them with: 📈 Trendlines
📊 Volume
📉 Moving Averages
📐 Fibonacci
For 🔝 probability trades!
💬 Your Turn!
Do you prefer zones or lines?
Any favorite combo — like Fibs + Volume?
Let’s upgrade our #CryptoIQ together! 🚀
#Crypto #BinanceSquare #LearnToEarn #TechnicalAnalysis #TradingTips #CryptoTrading #SRLevels #SupportAndResistance