Most traders draw support and resistance wrong. Here is what they miss:
1. Price respects structure not lines. A level tested three times with clean rejection carries more weight than five touches with messy price action.
2. Context determines probability. The same price level in a trending market behaves completely differently than in a ranging market.
3. Volume at the level tells the real story. High volume rejection shows genuine supply or demand. Low volume touches are often noise.
4. Time matters. A level held for three months has more significance than a level held for three days.
Chart attached shows Bitcoin daily timeframe with annotated structure levels.
What is one level you are watching this week?
#TradingEducation #MarketStructure #PriceAction #CryptoTrading #SocialLensMedia
Educational content only. Not financial advice.
1. Price respects structure not lines. A level tested three times with clean rejection carries more weight than five touches with messy price action.
2. Context determines probability. The same price level in a trending market behaves completely differently than in a ranging market.
3. Volume at the level tells the real story. High volume rejection shows genuine supply or demand. Low volume touches are often noise.
4. Time matters. A level held for three months has more significance than a level held for three days.
Chart attached shows Bitcoin daily timeframe with annotated structure levels.
What is one level you are watching this week?
#TradingEducation #MarketStructure #PriceAction #CryptoTrading #SocialLensMedia
Educational content only. Not financial advice.