Don't blindly follow influencers' support/resistance levels! There's a key difference between:
Congestion (price hovering around a level, hitting it often in short time) --> for swing traders
Recurrence (price returning to a level from different trends/market phases) --> for long-term investors
Example: Analyzing $AAVE , I see $270 as support and $295 as resistance (congestion level for swing traders).
But for long-term investors, support might be 50-80 (recurrence level). And let's be real, if you're holding long-term shorts, this asset is OVERBOUGHT and could drop 50% easily!
Understand who you're following and what kind of trade you're in! 🤓 Happy to share knowledge and real signals based on data, not hype!
