Support and Resistance

1.Basic setup for Technical Analysis

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  • Coin Selection: based your strategy
  • Time frame : * 5 min /15 min → short trade              *1 hour/4 hour → long trade

2.Drawing Support & Resistance

  • Use Horizontal Line or trendline
  • Line if line touches candles multiple times
  • Identify :    * Support = Buying price                     *Resistance= selling Price

3.Market Trend Types

Uptrend

Support levels rising

Sideways

Horizontal support and Resistance

Downtrend

Resistance levels failling

4.Market Setup Guide

. For short trades,use lower timeframe(5min/15min)

Notes

.  Strong support/Resistance touched many           times