📅 60 DAY CRYPTO LEARNING PLAN
🔥 DAY 8 – SUPPORT & RESISTANCE (S/R)
Support & Resistance are the foundation of all trading strategies.
If you master this, indicators will start making sense automatically.
🧱 What is Support?
Support is a price zone where buyers step in and stop the price from falling further.
🟢 Think: Demand area
🟢 Price often bounces up from here
🟢 Best zone to look for buy opportunities
🧱 What is Resistance?
Resistance is a price zone where sellers dominate and stop the price from moving higher.
🔴 Think: Supply area
🔴 Price often rejects down from here
🔴 Best zone to look for sell opportunities
📌 How to Draw Support & Resistance
(Beginner Friendly)
1️⃣ Open Higher Timeframe (4H / 1D)
2️⃣ Mark areas where price rejected or bounced multiple times
3️⃣ Draw zones, not thin lines
4️⃣ The more touches = the stronger the level
🔁 Important Rule (Very Powerful)
➡️ Old Resistance becomes New Support
➡️ Old Support becomes New Resistance
This rule alone can level up your trading 🚀
🧠 Pro Tips
✔️ Don’t trade in the middle – trade near key levels only
✔️ Combine S/R with RSI, EMA, MACD, or Candles
✔️ Wait for confirmation – don’t rush
🎯 Why Day 8 is Important
• 80% of strategies are built on S/R
• Works in Crypto, Forex, Stocks
• Helps you avoid random entries
📌 Next Up
Day 9 – Trendlines & Market Structure
Follow @CryptoEduFaisal for the full 60-Day Free Crypto Learning Plan 💙
⚠️ Disclaimer: This content is for educational purposes only. Not financial advice. Always do your own research (DYOR).
