Many people don't know how to find support levels. First, when looking for support, you must find large-scale support. Small support has no reference significance.
I found some materials; you can learn while watching and also implement this strategy for buying the dip.
First coin: PNUT Squirrel 🐿️
The squirrel wants to buy the dip; you must wait around 0.4. The strong support is around 0.43, so this price corresponds to the current market environment, which is clearly unreasonable. So be patient and wait for the dip around 0.4.
Second coin: AI sector ACT
Finding stop-loss positions at this ACT level is not easy; without reference standards, you can only use round number positions as buy-the-dip levels. The 0.2 position is a round number and is also a good place to buy the dip. If there's no reference, then look for round number positions.
Third coin: DOGE Dogecoin
The strong support for Dogecoin at 0.3 is the position of the last retracement and consolidation, and it is also a round number. So the strong support is at 0.3. If the strong support breaks, the support below will be at 0.2. Strong support generally holds; if it doesn't hold, it indicates that the market is in trouble.
Fourth coin: XRP Ripple
Ripple is well known to everyone and has also performed strongly. When the market is not good, we can only look for good support levels. The 1.9 level is strong support, also near 2. Why is 1.9 strong support? Because the last time it surged was from that position. If it doesn't hold at 1.9, the next level is 1.5. Look for references; if there are none, look for round numbers.
Sixth coin: NEIRO Dog Sister
Some people say that Dog Sister is a domestic project, last year some said how the Pepe team was doing, and in the end, it surged dozens of times. So missing out is just a lack of understanding on your part.
The strong support for Dog Sister is at 0.0004, which is also the point where it took off. If there are controversies and people are not optimistic, let it be. My fans, you must be on the train; buy a little and forget about it.
A 0.0008 retracement to 0.0004 is exactly 50%, which is also the best position I hope to buy the dip again. 10 times, 20 times, 100 times comes from a drop; if it doesn't drop, how can it surge dozens or hundreds of times? So a drop is definitely a good thing.
The lines drawn in the chart are very simple and don't need to be complicated. The purpose of drawing lines is to find strong support. Since you've found it, you don't need to care about how to draw the lines. No matter how well you draw, if others don't understand, and the logic doesn't make sense, then it's just random drawing!
Today's line drawing is relatively simple. It seems useless, but if you study it thoroughly and witness it several times, you will realize what it means by 'great truths are simple'...
The key point is here. If this article exceeds 100, I will write a new chapter.