How to find the support and resistance levels of a coin

Technical truth, understand it in a second with a picture

Spot and contract leverage are inseparable from candlestick charts.

Whether you are a new investor or an experienced one, there are knowledge points that you must master.

The core of determining support and resistance levels:

❚ support level
The level at which prices tend to stop falling, usually a historical low or a dense trading area.

❚ resistance level
The level at which the price is blocked when it rises, often a historical high point or an area of dense trading.

Trend line
A straight line connecting the lows or highs of candlesticks, dynamically indicating support or resistance areas.

❚ Moving Average
Moving averages (such as MA50, MA200) are often used as dynamic support or resistance references.

❚ Key price level
Integer thresholds or historical turning points often form support or resistance due to psychological effects.

❚ Historical price highs and lows
Past highs on the candlestick chart often form resistance levels, while lows often form support levels, as market participants remember these price levels.