In the cryptocurrency world for many years, I have summarized several practical skills for support levels to help you achieve stable profits!

1. Upward Trend: The Battle of Long and Short at Support Levels

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Effective Support: When pulling back, if the bearish candle is weaker than the bullish candle, and the volume decreases as it approaches the support level, followed by a bullish engulfing candle, the price rises, indicating that support is valid, and you can add positions on dips.

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Trend Reversal: Frequent bearish candles and strong shorts, even if there is a brief rebound, still break through the support line, meaning the upward trend has ended, and you need to exit decisively.

2. Consolidation Phase: The True and False Breakthroughs of Support Levels

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Confirmation of Effectiveness: After consolidating near the support level, a long bullish candle breaks through, confirming the support is valid, and you can follow up to go long.

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Breakdown: After consolidation, a long bearish candle breaks through the support, triggering panic selling, indicating that the price will continue to decline; stop loss should be executed immediately.

3. Key Breakthrough: Signals that Determine Success or Failure

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Trend Reversal: The price breaks through the support line, changing from upward to downward. Breaking through secondary support in a major trend means the original trend has ended.

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Bottoming Opportunity: If the support is not broken and accompanied by a large trading volume rebound, you can buy; if there is no accompanying trading volume, exit early to avoid being trapped.