Simple Trading Technique for Beginners on #Binance

Want to trade smartly on #Binance ? Try this simple technique using Support & Resistance + RSI:

1. Identify Support & Resistance:

Support: Price level where it often bounces up.

Resistance: Price level where it often drops.

2. Use RSI Indicator (Relative Strength Index):

RSI < 30: Market is oversold – good time to consider buying.

RSI > 70: Market is overbought – good time to consider selling.

3. Entry & Exit Strategy:

Buy when price is at support and RSI is near 30.

Sell/Exit when price is at resistance and RSI is near 70.

4. Always use Stop Loss & Take Profit to manage risk and secure gains.

Keep it simple, stay consistent, and don’t let emotions control your trades.