Support: The lowest price at which the price is likely to reverse and start rising (e.g. $58,946 in the attached chart). • Resistance: The highest price at which the price is likely to have difficulty rising further (e.g. $61,435 or $63,661). 2. Confirmation using technical indicators: Use indicators such as: • MACD: If it shows a negative crossover (as in the image), it means that the downward momentum is strong. Wait until it gives a positive signal to enter. • Stochastic: If it is in the oversold zone (below 20), there may be a chance for a bounce. • Bollinger Bands: If the price is close to the lower band, it may indicate a potential bounce. 3. Enter the trade: • Buy at support: Wait until the price approaches the support level (e.g. $58,946) and shows a bounce, with confirmation from technical indicators. • Sell at resistance: If the price reaches a resistance level (such as $61,435) and starts to show weakness in the upward movement, this can be a good signal to sell or take profit. 4. Risk Management (Stop Loss and Take Profit): • Place a stop loss order 2-3% below the support level to avoid big losses if the price breaks the support. • Place a take profit target near the next resistance level. For example, if you bought at support ($58,946), you can place a take profit target at $61,435.5. Capital Management: • Do not invest more than 1-2% of your capital in a single trade. This rule helps you stay in the market even when losses occur. 1. Identify support at $58,946. 2. Make sure that MACD and Stochastic are giving improvement signals (positive crossover). 3. Place a buy order if the price starts to bounce from support. 4. Set a stop loss at $57,500 (below the support level). 5. Set a take profit target at $61,435 (resistance). This way, you can reduce risks and take advantage of potential market movements, while using technical indicators to improve entry and exit accuracy.$BTC $ETH $BNB #MarketDownturn #CryptoInvestment #BinanceTurns7