💸🚀TYPES OF SUPPORT AND RESISTANCE 💸🚀
Hi everybody today we will talk about some Resistance and support Pattrens at different levels
Please refer to The chart below for reference to What i am talking of
The supply zone ;- It’s the zone where Coin would give supply or shorts are opened and acts as a resistance from coin.
Demand zone :- Where Most of the longs are opened or the price where there is demand for coin and acts as a support.
Resitance Level :- When a coin is rejected from resistance 2-3 times it has a higher chance of dump
Support level :- The level which acts as support i.e the point from where Breakdown is rejected multiple times
Trendline :- Most used pattren for quick scalps and swings The trend in which coin has been is observed and 2 parallel lines are placed if trendline breaksdown then we can short after reconfirmation if it breakouts we can long after reconfirmation :)
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