📌 What are Support and Resistance?

Support: is a price range where the asset tends to stop falling and may start rising again. It represents buying interest.

Resistance: is a price range where the asset tends to stop rising and may start falling again. It represents selling interest.

🔍 How to identify on the chart?

Observe the past highs and lows.

Support usually appears at previous lows (areas where the price fell and then rose).

Resistance appears at previous highs (areas where the price rose and then fell).

Use higher time frame charts (4h, daily, or weekly) to see stronger zones.

Look for areas with repeated touches.

The more times the price “hits” a range and respects it (without breaking), the stronger it is.

Example: Bitcoin tested the US$ 60.000 several times without breaking = strong resistance.

Use horizontal lines or zones.

Draw horizontal lines where the price stopped several times.

But remember: support/resistance are zones, not exact points. Work with a price range, not a fixed number.

Volume helps to confirm.

Areas with a lot of traded volume also indicate zones of interest (many buy or sell orders).

Useful tool: Volume Profile, available on platforms like TradingView.

Moving Average can also act as support/resistance.

Ex: The 200-period Moving Average usually acts as support in an uptrend and resistance in a downtrend.

⚠️ Quick tips:

Old zones can still be respected for a long time.

The higher the chart time frame, the stronger the zone.

Broken support can turn into resistance (and vice versa).

Combine with other signals (volume, chart pattern, trend).