How to skillfully use support levels in currency speculation?

(1) In the upward trend, during the callback process, the negative line of the K line is weaker than the previous positive line. Especially when it is close to the support price, the trading volume shrinks, and then the positive line quickly eats the negative line, and the currency price rises again. This is effective of support.

(2) In the upward trend, during the callback process, the K-line frequently appears negative lines, and the short force increases. Even if it rebounds slightly near the support line, it will be unable to take over, and the currency price will eventually fall below the support line, which is called market reversal.

(3) Consolidation is formed near the support line. After a period of consolidation, a long Yang line appears, and the support line is naturally effective.

(4) Consolidation is formed near the support line, but appears after consolidation. A long negative line slides down the support line. In order to reduce losses, investors rush to flee, and the currency price will continue to fall for a while.

(5) The currency price trend falls below the support line from top to bottom, indicating that the market will convert from an upward trend to a downward trend. Generally speaking, in an upward trend, an intermediate downward trend appears. If the market falls below the support line of the intermediate downward trend, it means that the upward trend has ended; in an intermediate upward trend, a secondary downward trend appears. If the market falls below The support line of the secondary downward trend indicates that the intermediate upward trend has ended, and the currency price will continue to decline according to the original downward trend.

(6) The currency price touches the support line from top to bottom, but fails to reach it or turns back up as soon as it touches the support level. If there is a large trading volume, when there is another downward adjustment, you can purchase goods to obtain rebound profits.

The price of (7) falls below the support line from top to bottom. Once there is a large trading volume, it means that another period of downtrend has formed. If there is a slight retracement, shipments should be made to avoid greater losses.

(8) The currency price touches the support line from top to bottom. Although it has not fallen below, but there is no matching volume, it indicates that there is no possibility of rebound, and you should ship out as soon as possible. #BTC #ETH