How to spot market resistance and support levels at a glance?

In the crypto world, key levels are actually where prices tend to stall. Finding them isn't rocket science, just remember these tricks:

① Historical highs and lows: The market's memory spots

Open the K-line chart and see if a certain price has failed to break through several times in the past six months or a year - that's a hurdle; if it bounces back several times after falling - that's the bottom.

For example, if a certain coin has been knocked down three times when it hit 10, the bears will definitely be there to block the door next time it hits 10; if it bounces back three times when it falls to 5, the bulls will not let it easily break through here. There is fierce game between bulls and bears, and the volatility will be great.

② Integer levels: Psychological lines of human nature

There are many retail investors in the crypto world, and integer levels are like red lines. Bitcoin's 30,000, 50,000, 100,000, and altcoins' 1, 0.1.

When it breaks through an integer, many people think they should chase it; when it falls to an integer, many people think they should buy the dip. When there are more people, buy and sell orders will naturally concentrate, and this price will become a key level.

③ Long-term consolidation zone: The "dense warehouse" of chips

If a certain coin trades sideways between 8 and 10 for a month, and the turnover is still very large, then this range is not simple.

When it falls below and rebounds, people who are trapped may cut their losses, and this becomes resistance; when it rises above and retraces, people who have made money may add to their positions, and this becomes support. The longer the consolidation, the larger the turnover, the harder this range will be.

④ Trend line: The market's invisible wall

If the price keeps falling, and the highs are lower than the previous ones, connecting these highs is the downward trend line - breaking through it may stop the fall; if it keeps rising, and the lows are higher than the previous ones, connecting them is the upward trend line - breaking through it may cause a callback.

No need to pursue millimeter-level precision, just draw it roughly and see if the price hesitates nearby.

⑤ Large order hanging area: The dealer's defense line

Look at the depth chart. If a huge amount of orders are hanging at a certain price, such as 60 million buy orders hanging at 6, it is mostly a signal of institutions defending or smashing the market. The price will likely stop here. However, this trick is more suitable for large-cap coins like Bitcoin and Ethereum, forget about altcoins.

Key levels are not fixed numbers. For example, if the previous high is 10.2, then 10～10.5 is considered a key area; and the position will change. After a breakout and consolidation, the resistance level may become support.

There are no gods in the crypto world, but knowing how to find key levels allows you to ambush early and be harvested less. After all, the market's memory is short, but someone will always guard the key levels.