🧵 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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