There are definitely many retail investors who are confused about the determination of support and resistance levels.
This directly leads to the desire to run away when the price goes up a little, and to sell when the price goes down a little. They either expect the price to reach its peak, or they comfort themselves that it is fine after the price has already fallen below the level.
So how to determine the support and resistance levels?
Here comes the key point: as long as a certain position of long-term sideways trading in the early stage is found, or a certain position pointed to by the upper pin or (and) the lower pin at the same time in the early stage (this is very important), then this position is a strong support level for the relatively low price of the currency, and a strong resistance level for the relatively high price of the currency.
