Support and resistance levels are key concepts that help investors navigate price movements. These levels are psychological and technical markers where a coin's price tends to slow down, reverse, or consolidate. Understanding them can make the difference between a successful trade and a missed opportunity. What Are Supports and Resistances? Support is a price level where demand for a cryptocurrency is strong enough to prevent further decline. Think of it as a floor where prices “bounce” upward. Resistance is the opposite— a ceiling where selling pressure prevents the price from rising further. These levels form due to the collective actions of traders. At support levels, buyers feel the price is low enough to enter the market. At resistance levels, sellers believe the price is high enough to secure profits. Why Don’t They Last Forever? Support and resistance levels are not permanent because market conditions, sentiment, and external factors are constantly changing. These shifts happen because of supply and demand imbalances or significant events, such as news about regulations, technological upgrades, or changes in market sentiment. Avoiding the Trap of Greed Many traders make the mistake of placing their buy or sell orders right at these levels, aiming for maximum gain. However, this approach can be risky: Support and resistance levels are zones, not fixed lines. A coin’s price might come close but not touch your order before reversing. Missed opportunities: Waiting for the “perfect” entry point might result in missing a profitable trade by a few cents. A wiser strategy is to avoid being too greedy: Place buy orders slightly above support and sell orders slightly below resistance to improve the likelihood of execution. The Big Picture Support and resistance levels are tools—not guarantees. Successful traders view them as part of a broader strategy.
The Fall will come in so stay tune,And trade the BUYS with open eye and Proper strategies..ENJOY!!
The pair is under pressure and judging Fisher Form, we may see a little weakness more. The reason for BUY is that USDX and the AO and others not shown, show potential for recovery and overall we will likely see a return to 18.5500 area. Strategy BUY @ 18.1000-18.1350 and take profit near 18.4950.
A descending trendline has been broken, and we have a bullish CH on the chart. In the support zone, we can look for buy/long positions up to the supply zone. We also expect a downward reaction from the supply zone. The closure of a 4-hour candle below the invalidation level will invalidate this outlook. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
very bbulish and bbelieve these earnings will be an immense catalyst
As we said before near 77K$ to 80K$ support zone we may have a two weeks less or more range zone and this range started but soon after this support zone break we are looking for dump to the next support which is 70K$ also major resistance here is now near 89K$ which is mentioned on the chart with yellow zone too and heavy sell pressure is there. DISCLAIMER: ((trade based on your own decision))
XRPUSDT is long-term still super bullish and we are looking for targets like 5$ and 10$ too but if the major resistance zone which is 3.1$ break to the upside else we are looking for more range here and even breakout of 2$ support zone to the downside and targets like 1.5$ and less and then we will update with long positions near that support zones mentioned on the chart too. DISCLAIMER: ((trade based on your own decision))
As we can see price can easily dump more to the 0.9$ support zone but soon we can expect channel resistance to break too and if that happen then market is once again bullish and bull candles can easily pump the price to 0.30$ at least. DISCLAIMER: ((trade based on your own decision))
soon we are looking for correction and dump for gold after months of being bullish and this fall or dump can be short-term and end near 2800$ or it can continue to hit targets like 2600$ even. DISCLAIMER: ((trade based on your own decision))
Last and major daily support here as we mentioned is 0.5$ and we are looking for rise and gain for the price from this support to the 1$ target soon but if this support break more dump ahead to the next support which is 0.32$ is also possible like red arrows. DISCLAIMER: ((trade based on your own decision))