I first realized the importance of key levels when I was trading a small coin in 2021.

Back then, I knew nothing and just randomly bought and sold based on the market. Even when it looked like it was about to reach its daily limit, I'd rush in and see it crash. The drop frightened me, so I quickly sold my losses, only for the price to continue rising. After several rounds of this, my account was reduced to half.

Later, a friend reminded me: Don't just randomly place orders based on the intraday charts. First, learn to identify key levels. That's where the real battle between bulls and bears takes place; market changes often begin here.

I gradually understood that there are actually a few simple ways to identify key levels:

First, historical highs and lows. For example, if a coin reaches 12 yuan three times and then reverses, then 12 yuan is the top. Conversely, if it falls to 7 yuan and then rebounds, then 7 yuan is the floor. Every time it reaches this level, the market will hesitate for a while.

Second, round numbers. Retail investors are particularly sensitive to round numbers; numbers like 1, 10, and 100 yuan often become emotional triggers. Many people chase rising prices or bottom-fishing by placing orders at these levels.

Third, sideways trading. I remember once watching an altcoin that was trading between 9 and 11 yuan for over a month, with heavy trading volume. Once it fell below 9 and then rebounded to 10, it became a significant resistance zone. Conversely, after breaking through and then retracing, 10 yuan actually became a strong support level.

Fourth, trend lines. In the latter half of that year's bull market, I saw a coin steadily falling, with each rebound reaching lower and lower highs. I connected these points to form a downward trend line. Only when it finally broke through would the trend be considered a reversal. The drawing doesn't have to be precise; it's enough to capture the approximate market range.

Finally, you have to monitor pending orders. Once, I saw a buy order of tens of millions of yuan on an exchange's depth chart for a coin at 5 yuan, and the price actually stalled there. While it's not 100% accurate, this technique works quite well for mainstream coins.

Looking back now, the reason I was repeatedly manipulated by the market wasn't because I was in the wrong direction, but because I simply didn't recognize the key levels. Market turning points often lurk within these ranges.

Finding one or two key levels is more effective than watching the market for ten hours.

If you don't want to keep going in circles, then join me in planning your trades and recover from the downturn. The current market is a great time to recover and reinvest.

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