📊 Investing by Support – Resistance Areas: A Simple Yet Effective Way!
In the world of trading, Support and Resistance are two "fundamental" concepts that can be extremely powerful if you know how to use them correctly.
🔹 Support: The price level at which buying pressure is strong enough to push the price up.
🔹 Resistance: The price level at which selling pressure is strong enough to push the price down.
✅ Popular strategy:
Buy at the support level, sell at the resistance level.
Wait for a breakout to trade in the new trend.
Confirm with volume or other technical indicators such as RSI, MACD.
📈 Example: If BTC repeatedly bounces off the $60,000 level → that is a strong support area. If this level is broken → it may signal a downtrend.
🎯 Tips for beginners:
Do not trade based solely on price levels – always combine with other technical factors.
Be cautious of "false breakouts" – wait for confirmation before entering a trade.
Have you tried this strategy? What has been your experience? Share with us! 👇
