HOW TO IDENTIFY SUPPORT AND RESITANCE:

Identifying support and resistance levels is crucial in trading. Here's how you can do it:

1. **Price History Analysis**:

- Start by examining historical price charts for the asset you're trading. Use a platform that
allows you to plot price data.

This one is just an example, you can analyze from 1 min upto 1 year or one range xD

2. **Support Levels**:
- Support levels are where the price tends to stop falling and may even bounce back up.
Look for areas where the price touched a certain level multiple times without breaking below
it. These are potential support levels.
- Common support levels can be found at round numbers (e.g., $50, $100) and previous
price rejection areas.

3. **Resistance Levels**:
- Resistance levels are where the price tends to stop rising and might reverse downward.
These are areas where the price touched a certain level multiple times without breaking
above it.
- Resistance levels can often be found at round numbers and previous price highs.
These are some examples of support and resistance zones!

4. **Trendlines**:
- Draw trendlines on your chart to connect the lows in an uptrend (support) or the highs in
a downtrend (resistance). These lines can help you visualize potential levels.
I shared more pics of trendlines because they work the best always!
5. **Moving Averages**:
- Moving averages, especially the 50-day and 200-day, can act as dynamic support and
resistance levels. When the price approaches these averages, they often influence its
direction.
6. **Volume Analysis**:
- Analyze trading volume at specific price levels. Unusually high volume near a price level
can indicate strong support or resistance.

7. **Chart Patterns**:
- Certain chart patterns, such as double tops (resistance) or double bottoms (support), can

provide clear levels to watch for.

9. **Multiple Timeframes**:
- Confirm support and resistance levels by checking multiple timeframes. A level that holds

on both shorter and longer timeframes is generally stronger.

10. **News and Events**:
- Be aware of upcoming news or events that might impact the asset's price. These can
lead to temporary breaks of support or resistance levels.

11. **Adaptability**:
- Keep in mind that support and resistance levels are not fixed. They can evolve over time,
so stay adaptable and adjust your analysis as needed.

12. **Use Tools**:

- Trading platforms often provide tools and indicators for identifying support and resistance
levels, such as pivot points, Fibonacci retracements, and horizontal lines.
THE END NOTE!
Remember that no method is foolproof, and it's wise to use a combination of these
techniques for a more comprehensive understanding of support and resistance in your
trading strategy. Additionally, consider risk management strategies and use stop-loss orders
to protect your investments.
IN SHORT,
Identify those levels that are rejected multiple times, if it is rejected from bottom, we
call it support, if it is rejected from upside, it's called resistance