eth
- 0 replies
- 0 recasts
- 0 reactions
To identify support and resistance levels in crypto markets:Historical Prices: Analyze past price action for recurring levels where price reversed.Volume Clusters: Identify price levels with high trading volume, indicating strong interest.Trendlines: Draw lines connecting highs (resistance) or lows (support) to spot trends.Moving Averages: Use key averages (e.g., 50-day, 200-day) as dynamic support/resistance.Psychological Levels: Round numbers (e.g., $10,000) often act as barriers.Fibonacci Levels: Use retracement tools to identify potential levels.Breakout Confirmation: Validate levels with price breaks and volume spikes. Always combine multiple methods for accuracy.
- 0 replies
- 0 recasts
- 0 reactions
A quiet moment of reflection brings clarity to my thoughts.
- 0 replies
- 0 recasts
- 0 reactions