Greetings SoMee Family

Today I will be teaching you all how to identify the SUPPORT and RESISTANCE to a trend and when to buy or sell


Identifying support and resistance levels can help crypto traders to know what to expect in the next market behavior. Because the market always repeats itself, identifying these levels will tell traders when to anticipate a possible change.

Supports and resistances are points at which the market begins to rise or fall. Breaking these points signals a possible breakout, in which new trends can be expected to occur.

Let's consider the charts below to see how to mark out our support and resistance level

Image 1 - shows the Support
Image 2 - shows the resistance


From the LUNA/USDT and ETH/USDT chart above, we can see the support and resistance level marked out showing areas where the buying pressure couldn't exceed and areas where the selling pressure couldn't exceed

In order to identify these points, zoom out of the chart to be able to see the longer time frames then mark out at most 2 - 3 points where the buying pressure or selling pressure couldn't exceed then draw a line across them.

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