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$BTC Key Support and Resistance Levels

Support Levels:

$85,000:

$76,000:

Resistance Levels:

$100,000:

$107,000:

Current Price: 93250

#supportandresistance

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Buying crypto using the RSI (Relative Strength Index) indicator on the spot market involves identifying oversold conditions (RSI < 30) as a potential entry point for buying. Here's a simple step-by-step guide:
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1. Understand RSI Basics

RSI (Relative Strength Index) measures momentum and ranges from 0 to 100.

Above 70: Overbought (price may drop soon)

Below 30: Oversold (price may rise soon)

2. Choose a Platform

Use a platform that offers:

Spot trading (like Binance, Coinbase, KuCoin)

Technical indicators (like TradingView or built-in charting tools)

3. Identify a Crypto and Set RSI Indicator

Pick a crypto asset (e.g., BTC/USDT).

Add the RSI indicator on a trading view (usually 14-period default).

Set your chart to a preferred time frame (1h, 4h, 1D).

4. Buy Signal Using RSI

Look for RSI < 30 (oversold).

Confirm with price action — look for:

Price support zone

Bullish candlestick patterns (hammer, engulfing)

Volume spike

Example: If BTC's RSI hits 28 on the 4h chart and is at a known support level, that may be a good buy signal.

5. Execute the Spot Buy

Once conditions align, go to your exchange and place a market or limit buy order.

Example:

Buy 0.01 BTC when price is $58,000 and RSI is 28.

6. Set a Plan

Stop-loss: Just below recent support (e.g., 2–5% lower).

Take-profit: When RSI nears 70 or hits resistance.

Bonus: Combine With Other Indicators

For more accuracy, combine RSI with:

MACD crossover

Bollinger Bands

Moving averages (e.g., 50 EMA support)

Set up RSI indicator on your chart and start growing wisely
#marketrebounds #SpotTradingSuccess #RSI

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