#154
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Sonic officially announced on October 22 that it will transfer approximately 13 million $S within the next 24–48 hours under a strategic OTC agreement. The counterparty is a long-term Sonic partner, and the collaboration is focused on expanding reach and driving user growth. The team said it disclosed the transfer in advance to explain the large on-chain transaction that is about to take place.
My take: This is proactive risk communication, not a reactive clarification. OTC means the transaction won’t be matched on the open market, so immediate selling pressure should be limited. But the key thing to watch is where these tokens ultimately end up.
A few data points (October 22):
1) Scale: Approximately 13 million S. At Kraken’s spot price of about $0.0539, that’s roughly $700,000, or about 0.45% of the circulating supply of approximately 2.88 billion tokens.
2) Terms: The transaction price and specific arrangements have not been disclosed; the transfer will be completed within 24–48 hours. If a large transfer appears on-chain, the community will have the team’s official statement to refer to.
3) Background: S is currently about 95% below its all-time high of roughly $1.02, with a market cap of about $160 million and a ranking around #154. Also, according to Tokenomist (10-22), S has no remaining tokens awaiting unlock, so this transfer is not an unlock-related release.
A 0.45% share of the circulating supply isn’t huge, but the movement is one-way out. If these tokens later appear at exchange deposit addresses, they could still represent potential selling pressure worth tracking. The identity of the partner and the specifics of how “user growth” will be delivered are more important variables than the transfer itself.
These are my personal views and not investment advice.
#Sonic #OTC
Sonic officially announced on October 22 that it will transfer approximately 13 million $S within the next 24–48 hours under a strategic OTC agreement. The counterparty is a long-term Sonic partner, and the collaboration is focused on expanding reach and driving user growth. The team said it disclosed the transfer in advance to explain the large on-chain transaction that is about to take place.
My take: This is proactive risk communication, not a reactive clarification. OTC means the transaction won’t be matched on the open market, so immediate selling pressure should be limited. But the key thing to watch is where these tokens ultimately end up.
A few data points (October 22):
1) Scale: Approximately 13 million S. At Kraken’s spot price of about $0.0539, that’s roughly $700,000, or about 0.45% of the circulating supply of approximately 2.88 billion tokens.
2) Terms: The transaction price and specific arrangements have not been disclosed; the transfer will be completed within 24–48 hours. If a large transfer appears on-chain, the community will have the team’s official statement to refer to.
3) Background: S is currently about 95% below its all-time high of roughly $1.02, with a market cap of about $160 million and a ranking around #154. Also, according to Tokenomist (10-22), S has no remaining tokens awaiting unlock, so this transfer is not an unlock-related release.
A 0.45% share of the circulating supply isn’t huge, but the movement is one-way out. If these tokens later appear at exchange deposit addresses, they could still represent potential selling pressure worth tracking. The identity of the partner and the specifics of how “user growth” will be delivered are more important variables than the transfer itself.
These are my personal views and not investment advice.
#Sonic #OTC
My take: This is proactive risk communication, not a reactive clarification. OTC means the transaction won’t be matched on the open market, so immediate selling pressure should be limited. But the key thing to watch is where these tokens ultimately end up.
A few data points (October 22):
1) Scale: Approximately 13 million S. At Kraken’s spot price of about $0.0539, that’s roughly $700,000, or about 0.45% of the circulating supply of approximately 2.88 billion tokens.
2) Terms: The transaction price and specific arrangements have not been disclosed; the transfer will be completed within 24–48 hours. If a large transfer appears on-chain, the community will have the team’s official statement to refer to.
3) Background: S is currently about 95% below its all-time high of roughly $1.02, with a market cap of about $160 million and a ranking around #154. Also, according to Tokenomist (10-22), S has no remaining tokens awaiting unlock, so this transfer is not an unlock-related release.
A 0.45% share of the circulating supply isn’t huge, but the movement is one-way out. If these tokens later appear at exchange deposit addresses, they could still represent potential selling pressure worth tracking. The identity of the partner and the specifics of how “user growth” will be delivered are more important variables than the transfer itself.
These are my personal views and not investment advice.
#Sonic #OTC
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SENT surges 1.4% at a key time! What happened? Key levels to watch19:51 (9 minutes ago): SENT surged 1.4% at a key time (5-minute window 19:46→19:51). As of 20:01:08, the current price is 0.02377, up 21.3% in 24h. Other tokens showing similar moves include STRK and GRASS.
📅 Data as of 20:01:08 (event trigger times are noted for each item; prices are live snapshots at the time of writing)
📌 One-line takeaway: Moves around key times (candle closes/U.S. market opens and closes) often involve institutional participation, making the signals more credible.
Market overview: BTC 83,150.00 (+0.38%) · ETH 2,506.00 (+0.40%); across the market, 196 gainers / 292 decliners in 24h; top gainer: STRK +60.35%, top loser: US -43.52%.
SENT surges 1.4% at a key time! What happened? Key levels to watch
19:51 (9 minutes ago): SENT surged 1.4% at a key time (5-minute window 19:46→19:51). As of 20:01:08, the current price is 0.02377, up 21.3% in 24h. Other tokens showing similar moves include STRK and GRASS.
📅 Data as of 20:01:08 (event trigger times are noted for each item; prices are live snapshots at the time of writing)
📌 One-line takeaway: Moves around key times (candle closes/U.S. market opens and closes) often involve institutional participation, making the signals more credible.
Market overview: BTC 83,150.00 (+0.38%) · ETH 2,506.00 (+0.40%); across the market, 196 gainers / 292 decliners in 24h; top gainer: STRK +60.35%, top loser: US -43.52%.
📅 Data as of 20:01:08 (event trigger times are noted for each item; prices are live snapshots at the time of writing)
📌 One-line takeaway: Moves around key times (candle closes/U.S. market opens and closes) often involve institutional participation, making the signals more credible.
Market overview: BTC 83,150.00 (+0.38%) · ETH 2,506.00 (+0.40%); across the market, 196 gainers / 292 decliners in 24h; top gainer: STRK +60.35%, top loser: US -43.52%.
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RIF surges 1.3% at a key time! What happened? Key levels to watch00:04 (27 minutes ago): RIF surged 1.3% at a key time (5-minute window: 23:59→00:04). As of 00:32:20, the current price is 0.08527, up 4.2% over 24h. ERA and ZK also saw moves during the same period.
📅 Data as of 00:32:20 (event trigger times are noted for each item; prices are real-time snapshots taken when this was written)
📌 In a nutshell: Moves during key periods (K-line closes / U.S. market open and close) often involve institutional participation, making the signals more credible.
Market overview: BTC 82,968.50 (+0.33%) · ETH 2,504.11 (+0.58%); across the market, 318 assets rose and 38 fell in the past 24h; top gainer: LUMIA +37.02%, top loser: PYTH -7.15%.
RIF surges 1.3% at a key time! What happened? Key levels to watch
00:04 (27 minutes ago): RIF surged 1.3% at a key time (5-minute window: 23:59→00:04). As of 00:32:20, the current price is 0.08527, up 4.2% over 24h. ERA and ZK also saw moves during the same period.
📅 Data as of 00:32:20 (event trigger times are noted for each item; prices are real-time snapshots taken when this was written)
📌 In a nutshell: Moves during key periods (K-line closes / U.S. market open and close) often involve institutional participation, making the signals more credible.
Market overview: BTC 82,968.50 (+0.33%) · ETH 2,504.11 (+0.58%); across the market, 318 assets rose and 38 fell in the past 24h; top gainer: LUMIA +37.02%, top loser: PYTH -7.15%.
📅 Data as of 00:32:20 (event trigger times are noted for each item; prices are real-time snapshots taken when this was written)
📌 In a nutshell: Moves during key periods (K-line closes / U.S. market open and close) often involve institutional participation, making the signals more credible.
Market overview: BTC 82,968.50 (+0.33%) · ETH 2,504.11 (+0.58%); across the market, 318 assets rose and 38 fell in the past 24h; top gainer: LUMIA +37.02%, top loser: PYTH -7.15%.
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0G Drops 3.4% in Unusual Move! Keep an Eye on These Support Levels23:50 (just now): 0G fell 3.4% at a key time point (5-minute window: 23:45→23:50). As of 23:51:40, the current price is 0.2667, down 5.1% over 24h. Other assets with unusual moves in the same batch include MAGIC and API3.
📅 Data as of 23:51:40 (event trigger times are noted for each item; prices are real-time snapshots taken at the time of writing)
📌 In a nutshell: Unusual moves during key periods (candlestick closes / U.S. market opens and closes) often involve institutional participation, making the signals more reliable.
Market overview: BTC 82,952.10 (+1.79%) · ETH 2,490.08 (+1.40%); across the market, 297 assets rose and 56 fell in 24h; top gainer: MAGIC +40.06%; top loser: OGN -8.47%.
0G Drops 3.4% in Unusual Move! Keep an Eye on These Support Levels
23:50 (just now): 0G fell 3.4% at a key time point (5-minute window: 23:45→23:50). As of 23:51:40, the current price is 0.2667, down 5.1% over 24h. Other assets with unusual moves in the same batch include MAGIC and API3.
📅 Data as of 23:51:40 (event trigger times are noted for each item; prices are real-time snapshots taken at the time of writing)
📌 In a nutshell: Unusual moves during key periods (candlestick closes / U.S. market opens and closes) often involve institutional participation, making the signals more reliable.
Market overview: BTC 82,952.10 (+1.79%) · ETH 2,490.08 (+1.40%); across the market, 297 assets rose and 56 fell in 24h; top gainer: MAGIC +40.06%; top loser: OGN -8.47%.
📅 Data as of 23:51:40 (event trigger times are noted for each item; prices are real-time snapshots taken at the time of writing)
📌 In a nutshell: Unusual moves during key periods (candlestick closes / U.S. market opens and closes) often involve institutional participation, making the signals more reliable.
Market overview: BTC 82,952.10 (+1.79%) · ETH 2,490.08 (+1.40%); across the market, 297 assets rose and 56 fell in 24h; top gainer: MAGIC +40.06%; top loser: OGN -8.47%.
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FLUID drops 4.3% in an unusual move! These support levels are worth watching10:50 (just now): FLUID dropped 4.3% at a key time (5-minute window 10:45→10:50). As of 10:50:26, the price is 2.021, up 12.8% over 24h.
📅 Data as of 10:50:26 (event trigger times are noted in each item; prices are real-time snapshots at the time of writing)
📌 Key takeaway: Unusual moves during key periods (candle closes / U.S. market opens and closes) often involve institutional participation, making the signals more credible.
Market overview: BTC 85,544.20(-1.13%) · ETH 2,701.76(-1.06%); across the market, 97 assets rose / 395 fell over 24h; top 24h gainer: RLC +87.00%, top loser: US -23.40%.
FLUID drops 4.3% in an unusual move! These support levels are worth watching
10:50 (just now): FLUID dropped 4.3% at a key time (5-minute window 10:45→10:50). As of 10:50:26, the price is 2.021, up 12.8% over 24h.
📅 Data as of 10:50:26 (event trigger times are noted in each item; prices are real-time snapshots at the time of writing)
📌 Key takeaway: Unusual moves during key periods (candle closes / U.S. market opens and closes) often involve institutional participation, making the signals more credible.
Market overview: BTC 85,544.20(-1.13%) · ETH 2,701.76(-1.06%); across the market, 97 assets rose / 395 fell over 24h; top 24h gainer: RLC +87.00%, top loser: US -23.40%.
📅 Data as of 10:50:26 (event trigger times are noted in each item; prices are real-time snapshots at the time of writing)
📌 Key takeaway: Unusual moves during key periods (candle closes / U.S. market opens and closes) often involve institutional participation, making the signals more credible.
Market overview: BTC 85,544.20(-1.13%) · ETH 2,701.76(-1.06%); across the market, 97 assets rose / 395 fell over 24h; top 24h gainer: RLC +87.00%, top loser: US -23.40%.
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Breaking! BTW sharply drops 2.4% at an important time point—buy the dip and first look at this batch of supports09:05 (6 minutes ago) — At an important time point, BTW saw a drop of 2.4% (5-minute window 09:00→09:05). As of 09:11:56, the current price is 0.969, with a 24h change of -28.7%. Other movers in the same batch include MET and TRB.
📅 Data as of 09:11:56 (event trigger time shown in each note; prices are real-time snapshots at the time of writing)
📌 One-liner takeaway: During key periods (K-line close / U.S. stock open & close), many of the unusual moves involve institutional participation, making the signals more credible
Market Overview: BTC 84,750.00 (+0.13%) · ETH 2,692.89 (+0.58%); Across the whole market, 241 stocks rose / 252 fell in the past 24h; Top gainer in the past 24h: AIN +74.60%, worst performer: BTW -28.70%.
Breaking! BTW sharply drops 2.4% at an important time point—buy the dip and first look at this batch of supports
09:05 (6 minutes ago) — At an important time point, BTW saw a drop of 2.4% (5-minute window 09:00→09:05). As of 09:11:56, the current price is 0.969, with a 24h change of -28.7%. Other movers in the same batch include MET and TRB.
📅 Data as of 09:11:56 (event trigger time shown in each note; prices are real-time snapshots at the time of writing)
📌 One-liner takeaway: During key periods (K-line close / U.S. stock open & close), many of the unusual moves involve institutional participation, making the signals more credible
Market Overview: BTC 84,750.00 (+0.13%) · ETH 2,692.89 (+0.58%); Across the whole market, 241 stocks rose / 252 fell in the past 24h; Top gainer in the past 24h: AIN +74.60%, worst performer: BTW -28.70%.
📅 Data as of 09:11:56 (event trigger time shown in each note; prices are real-time snapshots at the time of writing)
📌 One-liner takeaway: During key periods (K-line close / U.S. stock open & close), many of the unusual moves involve institutional participation, making the signals more credible
Market Overview: BTC 84,750.00 (+0.13%) · ETH 2,692.89 (+0.58%); Across the whole market, 241 stocks rose / 252 fell in the past 24h; Top gainer in the past 24h: AIN +74.60%, worst performer: BTW -28.70%.
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AIN Spikes 8.3% in 5 Minutes! What Happened? The Key Level Is Here09:10 (just now) — AIN surged by 8.3% within 5 minutes (5-minute window 09:05→09:10). As of 09:11:01, the current price is 0.04214, up 74.7% over 24h. Other movers in the same batch include MET and BTW.
📅 Data as of 09:11:01 (event trigger time is shown in the annotations for each item; prices are real-time snapshots at the time of writing)
📌 One-line takeaway: short-term momentum is concentrated—pullbacks tend to come and go quickly. Placing staggered limit orders is steadier than chasing price.
Market Overview: BTC 84,769.10 (+0.15%) · ETH 2,693.78 (+0.60%); Across the whole market, 247 are up / 244 are down over the past 24h; Top gainer over the past 24h: AIN +74.71%, top loser: BTW -28.54%.
AIN Spikes 8.3% in 5 Minutes! What Happened? The Key Level Is Here
09:10 (just now) — AIN surged by 8.3% within 5 minutes (5-minute window 09:05→09:10). As of 09:11:01, the current price is 0.04214, up 74.7% over 24h. Other movers in the same batch include MET and BTW.
📅 Data as of 09:11:01 (event trigger time is shown in the annotations for each item; prices are real-time snapshots at the time of writing)
📌 One-line takeaway: short-term momentum is concentrated—pullbacks tend to come and go quickly. Placing staggered limit orders is steadier than chasing price.
Market Overview: BTC 84,769.10 (+0.15%) · ETH 2,693.78 (+0.60%); Across the whole market, 247 are up / 244 are down over the past 24h; Top gainer over the past 24h: AIN +74.71%, top loser: BTW -28.54%.
📅 Data as of 09:11:01 (event trigger time is shown in the annotations for each item; prices are real-time snapshots at the time of writing)
📌 One-line takeaway: short-term momentum is concentrated—pullbacks tend to come and go quickly. Placing staggered limit orders is steadier than chasing price.
Market Overview: BTC 84,769.10 (+0.15%) · ETH 2,693.78 (+0.60%); Across the whole market, 247 are up / 244 are down over the past 24h; Top gainer over the past 24h: AIN +74.71%, top loser: BTW -28.54%.
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Attention! RARE surged straight up by 3.6% at an important time point—where to look for a pullback entry?05:04 (7 minutes ago) RARE surged 3.6% at an important time point (5-minute window 04:59→05:04). As of 05:11:19, the current price is 0.01837, up 2.9% in 24h. Other movers in the same batch include GRASS.
📅 Data as of 05:11:19 (event trigger time is noted on each item; prices are real-time snapshots at the time of writing)
📌 One-sentence highlight: During key periods (K-line close / U.S. stock market open/close), many of the move-makers involve institutions, so the signal quality is higher
Market Overview: BTC 83,523.60(-0.06%) · ETH 2,687.53(+0.03%); Across the whole market, 315 stocks gained / 177 declined over the past 24h; Top gainer over the past 24h: ESPORTS +31.63%, worst performer: US-38.67%.
Attention! RARE surged straight up by 3.6% at an important time point—where to look for a pullback entry?
05:04 (7 minutes ago) RARE surged 3.6% at an important time point (5-minute window 04:59→05:04). As of 05:11:19, the current price is 0.01837, up 2.9% in 24h. Other movers in the same batch include GRASS.
📅 Data as of 05:11:19 (event trigger time is noted on each item; prices are real-time snapshots at the time of writing)
📌 One-sentence highlight: During key periods (K-line close / U.S. stock market open/close), many of the move-makers involve institutions, so the signal quality is higher
Market Overview: BTC 83,523.60(-0.06%) · ETH 2,687.53(+0.03%); Across the whole market, 315 stocks gained / 177 declined over the past 24h; Top gainer over the past 24h: ESPORTS +31.63%, worst performer: US-38.67%.
📅 Data as of 05:11:19 (event trigger time is noted on each item; prices are real-time snapshots at the time of writing)
📌 One-sentence highlight: During key periods (K-line close / U.S. stock market open/close), many of the move-makers involve institutions, so the signal quality is higher
Market Overview: BTC 83,523.60(-0.06%) · ETH 2,687.53(+0.03%); Across the whole market, 315 stocks gained / 177 declined over the past 24h; Top gainer over the past 24h: ESPORTS +31.63%, worst performer: US-38.67%.
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$TIBBIR The real thing worth watching isn’t the +17.40%, it’s how quietly it’s been moving up.
Over the past 30 days, the price went from $0.108 to $0.205, growing its market cap to $200 million and placing it at #154—now guess what its daily trading volume is: $2.55M. Turnover is just a bit over one percent. This is a trending coin: the price doubled, but volume only climbed from an average of $1M to $2.5M. This doesn’t look like a liquidity-driven rally—it looks more like it’s being bought up in a low-transaction environment.
So what I care about more is: who is buying, and after they buy, does anyone step in to take it from them? $TIBBIR is still 53% away from ATH. It’s up 59% in seven days. For people chasing price, the current level is exactly stuck in the most uncomfortable range—everything looks right on the trend, but each step requires fresh money to confirm.
The most fragile part of this call is that low liquidity is a double-edged sword. If in the next few days daily trading volume can’t hold above $10M, or if the price can’t stay afloat between $0.17 and $0.20, then this rally might just end up being a one-time distribution of shares on the trend board.
If you could choose one variable to disprove my concern, what would you watch? Changes in on-chain whale holdings, or a sudden spike in selling volume shown by a bearish candle?
$TIBBIR The real thing worth watching isn’t the +17.40%, it’s how quietly it’s been moving up.
Over the past 30 days, the price went from $0.108 to $0.205, growing its market cap to $200 million and placing it at #154—now guess what its daily trading volume is: $2.55M. Turnover is just a bit over one percent. This is a trending coin: the price doubled, but volume only climbed from an average of $1M to $2.5M. This doesn’t look like a liquidity-driven rally—it looks more like it’s being bought up in a low-transaction environment.
So what I care about more is: who is buying, and after they buy, does anyone step in to take it from them? $TIBBIR is still 53% away from ATH. It’s up 59% in seven days. For people chasing price, the current level is exactly stuck in the most uncomfortable range—everything looks right on the trend, but each step requires fresh money to confirm.
The most fragile part of this call is that low liquidity is a double-edged sword. If in the next few days daily trading volume can’t hold above $10M, or if the price can’t stay afloat between $0.17 and $0.20, then this rally might just end up being a one-time distribution of shares on the trend board.
If you could choose one variable to disprove my concern, what would you watch? Changes in on-chain whale holdings, or a sudden spike in selling volume shown by a bearish candle?
Over the past 30 days, the price went from $0.108 to $0.205, growing its market cap to $200 million and placing it at #154—now guess what its daily trading volume is: $2.55M. Turnover is just a bit over one percent. This is a trending coin: the price doubled, but volume only climbed from an average of $1M to $2.5M. This doesn’t look like a liquidity-driven rally—it looks more like it’s being bought up in a low-transaction environment.
So what I care about more is: who is buying, and after they buy, does anyone step in to take it from them? $TIBBIR is still 53% away from ATH. It’s up 59% in seven days. For people chasing price, the current level is exactly stuck in the most uncomfortable range—everything looks right on the trend, but each step requires fresh money to confirm.
The most fragile part of this call is that low liquidity is a double-edged sword. If in the next few days daily trading volume can’t hold above $10M, or if the price can’t stay afloat between $0.17 and $0.20, then this rally might just end up being a one-time distribution of shares on the trend board.
If you could choose one variable to disprove my concern, what would you watch? Changes in on-chain whale holdings, or a sudden spike in selling volume shown by a bearish candle?
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#154 80k, lottery, picked up a bit (just personal record, do not follow)
FovWVnyFGzoZbLEnugeDFmTkiXGcCJpJ7KRvjM7Rpump
{web3_wallet_create}(CT_501FovWVnyFGzoZbLEnugeDFmTkiXGcCJpJ7KRvjM7Rpump)
Reasons for buying
1. The narrative is solid, SOL concept, SOL founder toly posted a tweet at number 154
2. Low market cap, the new launch hit a high of 160k, dropped to a low of 55k, now bouncing around 60~90k, jumped in at 80k, lottery, got a few movers
3. The community is decent, over 700 holders, about 300 in the community, mainly interacting and retweeting with the founder
@binancezh @BinanceSquareCN
Follow Web3 Koi Diary, the coin I bought is set to tenx
#154 80k, lottery, picked up a bit (just personal record, do not follow)
FovWVnyFGzoZbLEnugeDFmTkiXGcCJpJ7KRvjM7Rpump
Reasons for buying
1. The narrative is solid, SOL concept, SOL founder toly posted a tweet at number 154
2. Low market cap, the new launch hit a high of 160k, dropped to a low of 55k, now bouncing around 60~90k, jumped in at 80k, lottery, got a few movers
3. The community is decent, over 700 holders, about 300 in the community, mainly interacting and retweeting with the founder
@币安Binance华语 @币安广场
Follow Web3 Koi Diary, the coin I bought is set to tenx
FovWVnyFGzoZbLEnugeDFmTkiXGcCJpJ7KRvjM7Rpump
Reasons for buying
1. The narrative is solid, SOL concept, SOL founder toly posted a tweet at number 154
2. Low market cap, the new launch hit a high of 160k, dropped to a low of 55k, now bouncing around 60~90k, jumped in at 80k, lottery, got a few movers
3. The community is decent, over 700 holders, about 300 in the community, mainly interacting and retweeting with the founder
@币安Binance华语 @币安广场
Follow Web3 Koi Diary, the coin I bought is set to tenx
3
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Getting Started in Technical Analysis: How to Identify Support and Resistance Levels? 🎯STONK (STONKUSDT) is trending right now!
Rank: #154
Hello Binance Square family! Today, we’ll learn step by step how to identify support and resistance levels, a fundamental concept in crypto trading. 📊 **Step 1: What Is Technical Analysis?** Technical analysis is a method that tries to predict future price movements by using past market data. Using charts and indicators, we determine trends, as well as support and resistance levels. 🤔 **Step 2: What Are Support and Resistance Levels?** Support levels are the price points where the price falls but does not fall further. Resistance levels are the points where the price rises but does not rise further. These levels are the zones where buyers and sellers become concentrated. 📈 **Step 3: How Do We Determine Support and Resistance Levels?** Think of it like this: In a distribution chart, the points that are visited frequently can be support or resistance levels. 🗺️ Example: In the chart, we see that it was at the 77348.13 level in the last 24 hours. Let’s say the price fluctuated in the 77000–78000 range over the past few days. This range is important for identifying support and resistance levels. **Step 4: Finding Support and Resistance on the Chart** On the chart, when the price approaches the 77000 level, it can be considered a support level. If the price approaches the 78000 level, that level can be considered a resistance level. 📊 Example: | Level | Support/Resistance | | --- | --- | | 77000 | Support | | 78000 | Resistance | **Step 5: Practical Application** Now,
Getting Started in Technical Analysis: How to Identify Support and Resistance Levels? 🎯
STONK (STONKUSDT) is trending right now!
Rank: #154
Hello Binance Square family! Today, we’ll learn step by step how to identify support and resistance levels, a fundamental concept in crypto trading. 📊 **Step 1: What Is Technical Analysis?** Technical analysis is a method that tries to predict future price movements by using past market data. Using charts and indicators, we determine trends, as well as support and resistance levels. 🤔 **Step 2: What Are Support and Resistance Levels?** Support levels are the price points where the price falls but does not fall further. Resistance levels are the points where the price rises but does not rise further. These levels are the zones where buyers and sellers become concentrated. 📈 **Step 3: How Do We Determine Support and Resistance Levels?** Think of it like this: In a distribution chart, the points that are visited frequently can be support or resistance levels. 🗺️ Example: In the chart, we see that it was at the 77348.13 level in the last 24 hours. Let’s say the price fluctuated in the 77000–78000 range over the past few days. This range is important for identifying support and resistance levels. **Step 4: Finding Support and Resistance on the Chart** On the chart, when the price approaches the 77000 level, it can be considered a support level. If the price approaches the 78000 level, that level can be considered a resistance level. 📊 Example: | Level | Support/Resistance | | --- | --- | | 77000 | Support | | 78000 | Resistance | **Step 5: Practical Application** Now,
Rank: #154
Hello Binance Square family! Today, we’ll learn step by step how to identify support and resistance levels, a fundamental concept in crypto trading. 📊 **Step 1: What Is Technical Analysis?** Technical analysis is a method that tries to predict future price movements by using past market data. Using charts and indicators, we determine trends, as well as support and resistance levels. 🤔 **Step 2: What Are Support and Resistance Levels?** Support levels are the price points where the price falls but does not fall further. Resistance levels are the points where the price rises but does not rise further. These levels are the zones where buyers and sellers become concentrated. 📈 **Step 3: How Do We Determine Support and Resistance Levels?** Think of it like this: In a distribution chart, the points that are visited frequently can be support or resistance levels. 🗺️ Example: In the chart, we see that it was at the 77348.13 level in the last 24 hours. Let’s say the price fluctuated in the 77000–78000 range over the past few days. This range is important for identifying support and resistance levels. **Step 4: Finding Support and Resistance on the Chart** On the chart, when the price approaches the 77000 level, it can be considered a support level. If the price approaches the 78000 level, that level can be considered a resistance level. 📊 Example: | Level | Support/Resistance | | --- | --- | | 77000 | Support | | 78000 | Resistance | **Step 5: Practical Application** Now,
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