#TrendTradingStrategy Cryptocurrency Trading Strategies: Support and Resistance

In cryptocurrency trading, identifying **supports and resistances** is key to making strategic decisions. For example, if Bitcoin (BTC) fluctuates between **$100,000 (support)** and **$105,000 (resistance)**, a trader can:

1. **Buy at support**: If the price bounces at $100,000, it is an opportunity to enter with a target at $105,000.

2. **Sell at resistance**: Upon reaching $105,000, profits can be taken if the price shows rejection.

3. **Stop-loss**: If the price breaks the support ($100,000), it's advisable to exit to avoid larger losses.

This strategy, combined with indicators like the RSI or moving averages, improves accuracy. Discipline and constant analysis are essential for successfully trading in volatile markets.