🧭 #Support & #Resistance — The Trader’s Map

🔹 Support: Think of it as the “price floor” — where buyers step in and push price up. Look for zones with multiple touches on the chart.

🔹 Resistance: The “price ceiling” — where sellers dominate, causing price to reverse. These levels act like barriers in the market.

📉 #HowToPlot Levels

📌 Draw horizontal lines at:  ▪️ Past swing lows → Support

 ▪️ Past swing highs → Resistance

📐 Add trendlines in trending markets.

📊 Use Moving Averages (like 50MA or 200MA) — they act as dynamic support/resistance.

🔢 Apply Fibonacci Retracements (38.2%, 50%, 61.8%) to find confluence zones.

💡 #TradeIdeas

🟢 Bounce Trade: Buy near support ➜ Stop below ➜ Target next resistance.

🔴 Breakout Trade: Enter after price closes above resistance with volume ➜ Stop just below.

🔁 SR-Flip: Watch old resistance become new support — powerful signal!

🎯 #WhyItWorks

✅ These levels are built on buyer-seller psychology and repeated reactions.

🧠 Round numbers like $50K are strong emotional zones where traders take action.

⚡️ #QuickTake

Support/Resistance are your anchors in the market. Use them with: 📈 Trendlines

📊 Volume

📉 Moving Averages

📐 Fibonacci

For 🔝 probability trades!

💬 Your Turn!

Do you prefer zones or lines?

Any favorite combo — like Fibs + Volume?

Let’s upgrade our #CryptoIQ together! 🚀

#Crypto #BinanceSquare #LearnToEarn #TechnicalAnalysis #TradingTips #CryptoTrading #SRLevels #SupportAndResistance

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