《Share - Long but Helpful》What is 'Support Level' commonly known as 'Support Level'
Support level refers to the position where prices stop falling and rebound due to increased buying or weakened short selling when the price drops to a certain level. Support levels are key references in trading and can help determine entry points, stop-loss levels, and trend reversal points. Here are detailed judgment methods:
1. Technical analysis
(1) Historical lows
• Concept: A support level forms near a position that has been rebounded multiple times after the past price touches a certain low. • Operation: • Look for obvious lows in the candlestick chart, such as the low from the previous day, week, or month. • Multiple touches without breaking the low provide stronger support.
"Sharing - It's Long but Helpful" What is a 'Resistance Level' commonly referred to as 'Pressure Level'
This article provides detailed examples, hoping to help all of you beginners. Having foundational knowledge is essential to thrive in this field and take control.
Although the article is long, I hope you can understand. More knowledge means less loss.
Resistance levels refer to price levels that become difficult to break through after rising to a certain point due to increased selling or weakened bullish strength. Judging resistance levels is an important skill in trading, which can be combined using the following methods:
1. Technical Analysis
(1) Historical Highs
• Concept: After the price touches a certain high point multiple times, it retreats, forming a resistance level near that high point.
$ATOM $GALA Small single eat, we don't want to compare ourselves to those who are making thousands or tens of thousands of U, first we need to think about how much money we have, I believe many people earn just over a few thousand a month, first stabilize, accumulate bit by bit, because our principal is only 250 U, I only show the real profit, making money is the way to go, those who lose tens of thousands of U are not as good as us who earn a few hundred U, converted to R it's already 1000, you need to understand to convert to our own currency, then compare to your own living standards, the lasting general is the final king
Example methods, contract/multiple contract take-profit and stop-loss details, super detailed! Be patient and read through!
If your account balance is 666 USDT, according to risk control principles, the loss (stop-loss amount) for a single trade should be controlled within 1%-2% of the account balance. Below are the detailed calculation steps:
Cryptocurrency trading is more challenging than traditional markets because the market operates 24 hours a day and is more volatile, but it also provides more opportunities. The following are suggestions specifically for cryptocurrency trading, including market reading, time management, and operation strategies.
How to Become a Good Cryptocurrency Trader
1. Establish trading rules
• Determine your trading style: • Short-term trading (intraday trading): focus on short cycles (such as 15 minutes, 1 hour) to capture intraday fluctuations. • Swing trading (medium-term operation): focus on 4-hour and daily charts to capture trends.