MY FATHER TAUGHT ME ONE THING ABOUT CHARTS BEFORE ANYTHING ELSE
«Price has a memory. Learn where it remembers.»
Price drops, bounces → That’s support
Price drops, bounces again → Support is getting stronger
Price rises, gets rejected → That’s resistance
Price rises, gets rejected again → Resistance is getting stronger
Price finally breaks the level → New trend begins
Support → Buy zone
Resistance → Sell zone
The more price respects a level, the stronger that level is
Draw them first
Everything else comes after
$XAU $BNB $SOL
«Price has a memory. Learn where it remembers.»
Price drops, bounces → That’s support
Price drops, bounces again → Support is getting stronger
Price rises, gets rejected → That’s resistance
Price rises, gets rejected again → Resistance is getting stronger
Price finally breaks the level → New trend begins
Support → Buy zone
Resistance → Sell zone
The more price respects a level, the stronger that level is
Draw them first
Everything else comes after
$XAU $BNB $SOL
