Trading must be understood! Support and resistance lines are super easy to explain

When trading cryptocurrencies, look at the support and resistance lines, just like finding the "floor" and "ceiling"! Today, I'll talk to you in plain language~

1. What are support lines and resistance lines?

When the currency price fluctuates in the range, connecting the repeated highs is the resistance line, just like the ceiling, the currency price rises here, and it is easy to be "suppressed"; Connecting the repeated lows is the support line, similar to the floor, where the price of the currency falls and is often "supported".

Support level: It's like the floor, the price of the currency falls here, and a bunch of people think "it's worth it, buy!" Buying to support the price of the currency, it is difficult to fall again;
Resistance level: like a ceiling, when the coin price rises here, a bunch of people think "too expensive, sell!", selling pressure makes it hard to rise further.

2. How to use them to find buying and selling points?

- Selling point: The price of the currency hits the resistance line, and the trend is going down, or the support line is broken (the floor is smashed through), don't hesitate to sell!
- Buy point: The currency price touches the support line, and there are signs of initiation (such as trading becoming lively), buy! When the rebound after the overfall and the support line is firmly supported, it is also an opportunity.

3. How to correspond to the stage of currency price movement?

The currency price trend is like the "four seasons", which is divided into a storage period, a climbing period, a fatigue period, and a downhill period:

- Accumulation period: buyers and sellers compete, the currency price does not move, wait and see;
- Climbing period: Buyers are gaining strength, the price of the currency is rising, follow boldly;
- Fatigue period: buying and selling are balanced, the price cannot rise, and they are ready to run;
- Downhill period: The seller is crushed, the currency price falls, don't buy the bottom!

Remember: buy during the accumulation and climbing period, and sell before fatigue and downhill! Don't be impulsive in trading, look at the support and resistance to find the opportunity, and have more confidence in your heart~
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