In technical analysis, support lines and resistance lines are tools that almost everyone uses, but most people use them incorrectly.
Whether it is $BTC or $ETH , or various altcoins, opening any candlestick chart will show traders repeatedly drawing lines and entering and exiting at key positions, trying to capture trends using the method of 'going long on support and short on resistance.'
But the reality is: the crypto market is precisely the market that is most likely to 'slap in the face' the support and resistance.
1. Support and resistance are 'unstable' Compared to traditional financial markets, the crypto market has several inherent characteristics:
