NEAR Protocol (NEARUSDT) is trending right now!

Rank: #21

** Hello Binance Square family! Today, I prepared a practical guide on how to determine support and resistance levels, a fundamental concept in crypto trading. 📈 **Step 1: Learn to Read the Chart 📊** The first step is learning to read a chart. Think of it this way: A chart is a map that shows how the price moves over time. and we will analyze the charts of crypto pairs like. For example, 's current price is 86429.12 USD. 📊 **Step 2: Identify the Support Level 🤔** A support level is the level where the price stops falling or bounces back. Think of it this way: A support level is an area where buyers try to prevent the price from dropping to lower levels. For example, in 's last 24-hour chart, we can see that the 2600 USD level is a support level. 📊 | Time | Price | | --- | --- | | 10:00 | 2650 | | 11:00 | 2620 | | 12:00 | 2600 | | 13:00 | 2620 | **Step 3: Identify the Resistance Level 🚀** A resistance level is the level where the price stops rising or bounces back. Think of it this way: A resistance level is an area where sellers try to prevent the price from rising to higher levels. For example, in 's last 24-hour chart, we can see that the 87000 USD level is a resistance level. 📊 | Time | Price | | --- | --- | | 10:00 | 86500 | | 11:00 | 86800 | | 12:00 | 87000 | | 13:00 | 86800 | **Step 4: Practical Application Suggestions 📈** 1. **Do chart analysis regularly.