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Fundamentals of Support & Resistance -001 How to identify them?? Support and Resistance are areas where price has reacted to in the past and can potentially react again in the future.
We draw support and Resistance levels because once the price gets back to this levels ,there are possibility of trading opportunities that arise and you have to draw this levels already as a reminder to look. There are specific criteria we look to identify Support and Resistance levels. 1. We look for the extreme swing high and swing lows ( the highest or lowest points the price has reached in recent time).
Example: picture 01 The red line, it’s extreme swing high(Resistance) thats is where price has reached in recent time and the green line is extreme swing low(Support) where the price has reached in recent time.
Picture 02 You could see, once the price rejected from R1 the price retested S2&S3 , the price then rejected and retraced to R2 and the price got rejected again to S4 and while approaching S4 its rejected again.
So by looking at extreme swing highs and swing lows, we can identify potential Support and Resistance levels and where the market is likely to reverse. But this is not quite enough to make a trade decision because we always need a confirmation price action pattern. Will talk about this later and right now i want you to focus only on how to identify Support and Resistance.
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Disclaimer; This content aims to improve readers, you should get more information from multiple sources (DYOR) before setting up your own strategy. All buying, selling and crypto investment activities are responsibility of the reader. #BTCMarketPanic #MarketDownturn #BinanceTurns7 $BTC $SOL
This was the bigest hack in human history,$6.3B is not easy as it is. but Binance managed to cover all the loses in less than 48hours. Making it look like nothing really happened.
In 2019 the same thing really happen, Binance got hacked and everyone thought its was the end of the exchange. They covered every single users loses and went on to become the bigest crypto exchange in the world. You can have all different thought on CZ but he is the one to lead the way. Coz they have put users first. #BinanceHadAlreadyCovered$6BofHackLoss #BinanceUpdatesProofofReservesAddresses $BNB
$IRYS is insane after all the pump to 0.5, and pumped 🚀2500% and it could not even stay permanent above the initial price before the pump. All this for it to drop back to where it started. pure manupulation !
The immediate path for $XAUT hinges on gold holding the $4,000–$4,070 support area. A sustained break below this zone could trigger a drop toward $3,900. Resistance sits at $4,135–$4,155. The upcoming Fed meeting (Oct 27–28) is the critical event that will clarify the rate trajectory. #EarningsSeason #BinancePick
$BTC is at critical Support zone near $81,300 to $80,000 after a big rejection from another key Resistance zone at $84,400 . If Buyers fail to defend the Support zone or a strong breakout at $80,000. we could see dip more to $75,000. #BinancePick #EarningsSeason
On $ICNT After a strong rejection from a key Support zone at $0.1675 to $0.1513, Buyers reacted to that area and moved price strongly to a key Resistance zone at $0.2370 to $0.2256. Buyers are still in controll but if price break above the Resistance zone then we could another swing high. Short term , if price reject again at key Resistance with a confirmation, we can see another swinh low. Am bearish on $ICNT setup. #EarningsSeason
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Total holdings: ~$15.1B 💰
"Bitmine has bought ETH each and every week since June 30, 2025," says Chairman Tom Lee. 💬 #Eth #Write2Earn
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Strategy has repurchased $193M of $STRC and acquired 267 $BTC . As of 10/18/26, we hold 848,517 BTC and $5.3B of USD Assets. We have also increased the size of our Digital Credit Securities Repurchase Program from $2.0B to $3.0B. $MSTR Saylor is going up forever #Write2Earn