Grasp the support and pressure points to accurately obtain profiHello traders, today I will share a set of accurate trading rules to help you avoid detours on your investment journey. There will be many professional terms that you cannot understand, or even misunderstand, which will lead to missed or wrong market conditions. Today I will sort out the popular ones for you brothers.
Normal market conditions are composed of support and pressure levels. When they reach the pressure level, they will fall back, and when they reach the support level, they will rebound, which is why we see the distorted trend chart today.
What is the pressure level?
When a wave of market conditions rises to a certain position, there will be a lot of selling orders above, which will cause the market to fail to rise. This is called the pressure level for short. The pressure level is also like the first pressure level, the second pressure level, and the third pressure level. Breaking through the first pressure level indicates strength, and the market will continue to rise. If it hits the second and third pressure levels, the higher it hits, the weaker the strength will be, just like people always need to rest when running. The market will also fall back. These pressure levels are also the positions where we sell long orders or buy short orders, so brothers can combine the pressure levels given by the market conditions I issued to sell your long orders or short orders. Don’t you know where to short? If you don't know where to sell long orders, just look at the pressure I analyze every day.
For example: Bitcoin will rebound in four hours if it stands at 68,800 today. The pressure above the rebound is: 69,500 and 69,900. These two positions are our selling points for long orders and buying points for short orders. If we break through these two prices, we can do it manually and continue to wait at the next pressure level. Remember not to hold on. If it breaks through, it means that the long side is very strong and it is useless to hold more.
What is the support level?
When a market falls to a certain position, there will be a lot of buying orders, which prevents the market from falling further and forms a support point, which is called support level for short. The support level is like a level. There are the first support level, the second support level, and the third support level. There will be a rebound at each support level. If it falls directly through, it means it is strong and the market will continue to fall, hitting the second and third support levels. The more it falls, the weaker the strength will be. At this time, we can try to bet on a rebound long order at the support level. These support levels are also the positions where we sell short orders or buy long orders. So brothers can combine the support levels given by the market I issued to place your short orders or go long. Don’t you know where to go long? If you don't know where to sell short orders, just look at the support I give in my daily analysis. For example: Ethereum cannot stand firm at 2465. It will continue to fall and test the support below: 2410.2383. These two positions are also our short selling points and long buying points. If it falls below, we will manually leave and wait at the next support level. Contracts are originally about risking a lot with a small investment, and the probability of success through trial and error with a small cost. There is no absolute success. As long as we make a mistake, we will leave the market. Don't hold on to it! ! !
To sum up: If there is no big news when placing orders during the day, you can wait for the first support level to make a long order, or the first resistance level to make a short order. As long as it falls back a little, you can basically make a profit. If it is relatively stable, you can wait for the second or third support level to make a long order, or a short order.
After saying this, do you understand a lot, brothers? Good traders are shorting at resistance levels and long at support levels? I will update here every morning and evening. If you listen, we will not be leeks.
Position management
Don't bet all positions directly. You understand the reason, but you are too impulsive and always want to get your money back quickly. Human nature is difficult to control. I can only say that no matter how many times you leverage, as long as you control your position within 5%, you have a chance to turn over. If you don't control it well, you won't even have a chance to turn over. What's the point of making money today and losing tomorrow? All are gamblers.....
Brothers, if you have any questions, please leave me a message below, I will tell you everything I know without reservation, the market is huge, let's play together, we want to make money from the market, not be the payer of the market, if you like it, please like 👍 and follow me
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