đžđTYPES OF SUPPORT AND RESISTANCE đžđ
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 ;- Itâs 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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