🧵 Thread 9 – How to use supports and resistances to improve your entries on Binance 🧱📈
Identifying these key levels can make the difference between a good entry and a market trap. I'll explain it simply 👇
1️⃣ What are they?
• Support: area where the price tends to stop falling.
• Resistance: area where the price tends to stop rising.
They are like floors and ceilings of the price.
2️⃣ How to mark them:
Go to the 1D or 4H chart.
Look for areas where the price has bounced several times.
✅ The more touches, the stronger the level.
3️⃣ Use them for trading:
• Buy near the support with confirmation (rejection candle, for example).
• Sell or take profits near the resistance.
4️⃣ Avoid traps:
Sometimes the price breaks a level and then comes back: false breakout.
⚠️ Wait for confirmation before entering (e.g., candle closing outside the level).
5️⃣ Combine them:
Don't rely solely on one support or resistance.
Add indicators like volume, EMA, or Fibonacci for greater confluence.
📌 Extra tip:
Don't mark exact lines. Think of areas of price reaction, not fixed points.
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