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