Almost all the big Vs of Binance use support and resistance to judge entry, and there are still a lot of people who support them🤣.

As the most basic trading model, you want to ask me if it is useful? I admit that it is useful, but I don't think it is very useful.

Support and resistance are very easy to learn, it is nothing more than drawing lines through the relationship between volume and price. This determines that it has obvious disadvantages. You can draw lines, but don't the dealer know that you can draw lines? The K-line chart of the strong dealer's currency can be made whatever the dealer wants. What's the use of drawing lines? People just deliberately lure you to enter the market at the support and resistance points you think, and blow you up.

Using support and resistance to judge entry is a good way to use coins with high liquidity and fierce competition between long and short parties. For example, big cake and two cakes.

And if you want to learn support and resistance, you don't need any learning cost at all. You can get a general idea by watching a few videos online.

My trading system has long surpassed the basic model of support and resistance. It can give me a basic market expectation. This way has a large profit and loss ratio, a high success rate, and is applicable to all market conditions. This is the reason why I confidently post.

I am not afraid even if I fail, because my trading system can enable me to make stable profits in the long term. Even if I lose three orders in a row, the money is not as much as that from making one order.