{"id":5443,"date":"2021-06-08T03:35:05","date_gmt":"2021-06-08T03:35:05","guid":{"rendered":"https:\/\/3.26.50.104\/?page_id=5443"},"modified":"2021-08-08T06:07:17","modified_gmt":"2021-08-08T06:07:17","slug":"what-are-support-resistance-sr-levels-in-crypto","status":"publish","type":"page","link":"http:\/\/3.26.50.104\/education\/what-are-support-resistance-sr-levels-in-crypto\/","title":{"rendered":"What are Support &#038; Resistance (SR) levels in crypto?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5443\" class=\"elementor elementor-5443\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d2e0130 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"d2e0130\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4335cb3\" data-id=\"4335cb3\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-bdb9405 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bdb9405\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e276b23\" data-id=\"e276b23\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d4132c elementor-widget elementor-widget-html\" data-id=\"3d4132c\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<a style=\"color: #FFFFFF; \" href=\"javascript:history.go(-1)\" onMouseOver=\"self.status.referrer;return true\">\u2190 Back<\/a>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e84bfa6 elementor-widget elementor-widget-heading\" data-id=\"e84bfa6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are Support & Resistance (SR) levels in crypto? <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d38ca20\" data-id=\"d38ca20\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d87829c elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"d87829c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"173\" height=\"167\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/Support-and-resistance.png\" class=\"attachment-full size-full\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-64dc26d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"64dc26d\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6b8485a\" data-id=\"6b8485a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f09fb9f elementor-widget elementor-widget-heading\" data-id=\"f09fb9f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Definition<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c74770 elementor-widget elementor-widget-text-editor\" data-id=\"1c74770\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Support &amp; resistance are key price barriers that stop an asset\u2019s price from making overly dramatic moves. Support acts as a floor for the price &amp; resistance acts as a ceiling.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ac5dc5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ac5dc5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e09303 before-icon-bi\" data-id=\"6e09303\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f977fd4 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"f977fd4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"66\" height=\"109\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/location.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bf332b elementor-widget__width-auto elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"5bf332b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Understanding Support & Resistance levels <\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d87b44 elementor-widget elementor-widget-text-editor\" data-id=\"3d87b44\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Support &amp; resistance are a fundamental part of analysing a <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> (or any asset) in the short term. They refer to important price levels on a chart that indicate the area at which an asset will:\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c83b4e list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"5c83b4e\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Fall <\/b>to a certain price and then bounce back up as there is a sufficient demand from people wanting to <b>buy at that price<\/b>, thus preventing the price from dropping any lower <b>(support level)<\/b>.  <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Rise <\/b>to a certain price level and be <b>rejected<\/b>, causing a reversal into a <b>downwards trend<\/b> as there are enough people willing to <b>sell the asset at that price<\/b>. This stops the price from going any higher <b>(resistance level)<\/b>. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8d31b2 elementor-widget elementor-widget-text-editor\" data-id=\"f8d31b2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>SR levels are used by crypto swing &amp; day traders to plan entry\/exit points and predict how a crypto asset\u2019s price will move in the near future. These levels <strong>prevent overly dramatic declines\/surges<\/strong> in price and can occasionally cause a short or long term <strong>reversal <\/strong>of the initial trend in the other direction.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba80bc8 elementor-widget elementor-widget-text-editor\" data-id=\"ba80bc8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><strong>EXAMPLE<\/strong><\/p><p><em>Jake is a day trader watching the BTC 1hr chart. The price is slowly <strong>descending<\/strong> and approaching a <strong>key support level<\/strong> of $30,000, where it has touched, <strong>or \u2018retested\u2019,<\/strong> and bounced up from several times before (indicating that plenty of buyers will buy BTC at $30,000).<\/em><\/p><p><em>Just before reaching $30,000 and potentially going even lower, Jake sees the price begin to reverse and begin moving back upwards. He waits a few minutes and then takes this as confirmation that the <strong>support level has<\/strong> <strong>held<\/strong> (meaning the price will probably not descend lower than $30,000 in the short term) and he buys in (along with many others) at just <strong>above<\/strong> the $30,000 mark, sending the price back up. <\/em><\/p><p><em>Jake may also want to place an automatic sell order (<strong>stop-loss<\/strong>) for his BTC just <strong>below<\/strong> <strong>the support level of $30,000<\/strong> as if his prediction is wrong and the price does fall through the support of $30,000, it could be seen as a negative sign or \u2018<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-bull-bear-market\" target=\"_blank\" rel=\"noopener\">bearish<\/a>\u2019 development, indicating that there is no more demand to buy BTC at that price (meaning the price may keep falling until a new (slightly lower) support level is established). In this case he would be wise to sell and cut his losses as early as possible, hence the stop-loss order.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8d5339 elementor-widget elementor-widget-heading\" data-id=\"a8d5339\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What determines Support & Resistance levels? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa2df6c elementor-widget elementor-widget-text-editor\" data-id=\"aa2df6c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Although SR levels are a key to <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-technical-analysis-in-crypto\/\" target=\"_blank\" rel=\"noopener\">technical analysis<\/a>, they don\u2019t necessarily correlate with any\u00a0<strong>technical pattern\u00a0<\/strong>but exist because of how the human mind tries to make sense of the world. \u00a0Support &amp; resistance are formed by.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29d1550 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"29d1550\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Human psychology &amp; emotion <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Historical price action\/past trend patterns<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Market sentiment (if attitudes are bullish (positive) or bearish (negative))<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The point at which people feel an asset is overvalued\/undervalued<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Anchoring (memorable key buy\/sell prices used as reference points) <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Levels at which institutions &amp; big buyers want to buy\/sell an asset<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bd2ba3 elementor-widget elementor-widget-heading\" data-id=\"8bd2ba3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How can you find Support\/Resistance levels?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33efc8f elementor-widget elementor-widget-text-editor\" data-id=\"33efc8f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Generally, <strong>support<\/strong> forms around the <strong>previous price lows<\/strong>, while <strong>resistance<\/strong> forms around the <strong>previous price highs<\/strong>, so the simplest way is to look at an asset&#8217;s price chart and analyse the <strong>recent highs\/lows<\/strong> in a certain time period.<\/p><p>Keep an eye out for levels &amp; areas where the price has touched, retested and seen a <strong>trend<\/strong> <strong>reversal<\/strong>. The more times a price level acts as a barrier for a price trend, the more key\/established the SR level. There are also a variety of more advanced <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-technical-analysis-in-crypto\/\" target=\"_blank\" rel=\"noopener\"><strong>technical indicators<\/strong> <\/a>that can help you find SR levels (moving averages, trendlines, Relative Strength Index (RSI), etc.) if you want to confirm SR areas with multiple strategies.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fa9713 elementor-widget elementor-widget-heading\" data-id=\"3fa9713\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key characteristics of Support & Resistance levels<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-729ad68 elementor-widget elementor-widget-text-editor\" data-id=\"729ad68\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li><strong style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">Support\/resistance levels are not fixed <\/strong><strong style=\"font-size: inherit; text-align: inherit; color: var( --e-global-color-text ); background-color: var( --e-global-color-c530ec8 ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">and can often \u2018flip\u2019<\/strong><\/li><\/ul><p>Generally, a broken area of support will turn into an area of resistance when broken (and vice versa), resulting in a <strong>support-resistance flip<\/strong>. \u00a0<\/p><ul><li><strong>SR levels \u2018absorb\u2019 buy\/sell pressure &amp; will eventually be worn down<\/strong><\/li><\/ul><p>When the price retests an SR level and is \u2018rejected\u2019 (the trendline sees a reversal), some of the <strong>buy\/sell pressure<\/strong> from the market is <strong>absorbed<\/strong>. When enough buy\/sell pressure\/orders at this SR level have been absorbed\/exhausted, the SR level will be broken.<\/p><ul><li><strong>Support &amp; resistance are areas, not exact levels<\/strong><\/li><\/ul><p>SR level are not always met at <strong>the exact levels<\/strong> of prior lows and highs, but rather in their <strong>general vicinity<\/strong>. This is because buy\/sell orders are generally placed either <strong>slightly above <\/strong>or <strong>below<\/strong> the levels as many traders expect a reversal at a certain price level so they \u2018frontrun\u2019 the level to make sure their order gets filled.<\/p><ul><li><strong>Breaking support levels is \u2018bearish\u2019 &amp; breaking resistance is \u2018bullish\u2019 <\/strong><\/li><\/ul><p>When price breaks through a key support area it is regarded as bearish development, which means the price will likely <strong>drop further<\/strong> until sellers stop selling &amp; buyers start buying again, creating a new (but slightly lower) level of support.<\/p><p>Similarly, breaking through resistance is a <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-bull-bear-market\" target=\"_blank\" rel=\"noopener\">bullish<\/a> (positive) sign as prices tend to keep <strong>rising<\/strong> with the previous ceiling broken <strong>until sellers sell\/take profit<\/strong>, creating the next (slightly higher) resistance level.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-397911c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"397911c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d4616f\" data-id=\"9d4616f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-878107f elementor-widget elementor-widget-image\" data-id=\"878107f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"241\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body.png 680w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/illustration-body-300x106.png 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4d4d6b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4d4d6b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fd03b55\" data-id=\"fd03b55\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-eac0b1b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eac0b1b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-bf16f1a\" data-id=\"bf16f1a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-632f9b7 elementor-widget elementor-widget-heading\" data-id=\"632f9b7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key Takeaways\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-200c7a4 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"200c7a4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Support &amp; resistance levels can be thought of as (temporary) <b>floors &amp; ceilings<\/b> for the prices in <b>any <\/b>financial market.  <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Basically, an area of \u2018support\u2019 is where the price of an asset tends to <b>stop falling<\/b>, &amp; an area of \u2018resistance\u2019 is where the price tends to <b>stop rising.<\/b> <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Traders use SR levels to plan their entry\/exit points &amp; find the <b>ideal price<\/b> at which to buy\/sell an asset. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">SR levels are based primarily on buy\/sell pressure, past highs\/lows, market\/human psychology &amp; emotion, anchoring &amp; other technical factors.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Support\/resistance are <b>not exact levels <\/b>&amp; are actually closer to general areas that may be retested multiple times before giving way. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">After being broken, support &amp; resistance levels can <b>flip <\/b>\u2013 a resistance level becomes a new support (and vice versa) as the price breaks the level &amp; continues in an upwards or downwards trend. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f11d0e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f11d0e4\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8df688\" data-id=\"f8df688\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f06defe elementor-widget elementor-widget-image\" data-id=\"f06defe\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"464\" height=\"506\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2.png 464w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/img2-275x300.png 275w\" sizes=\"auto, (max-width: 464px) 100vw, 464px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0fed07e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0fed07e\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8b87f90\" data-id=\"8b87f90\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-863bfa0 elementor-widget elementor-widget-heading\" data-id=\"863bfa0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-feb003e elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"feb003e\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5443\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-support-resistance-sr-levels-in-crypto\/\"  data-item_title=\"What are Support &amp; Resistance (SR) levels in crypto?\"  data-item_date=\"2021-06-08T03:35:05+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72c4cf6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72c4cf6\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dddb931\" data-id=\"dddb931\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b892702 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"b892702\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-89969fd elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"89969fd\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70c9848 elementor-widget elementor-widget-heading\" data-id=\"70c9848\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cd5bcfe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cd5bcfe\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-84060e4\" data-id=\"84060e4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4210ba8 elementor-widget elementor-widget-text-editor\" data-id=\"4210ba8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a style=\"transition: var(--transition); background-image: var(--background-decoration, none); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-align: inherit; text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\" href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Di<\/a><span style=\"font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-align: inherit; text-transform: var(--textTransform);\"><a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"http:\/\/digitalsurge.com.au\/\">g<\/a><\/span><a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">ital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47ff817 elementor-widget elementor-widget-text-editor\" data-id=\"47ff817\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75af811 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75af811\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-051d9ec\" data-id=\"051d9ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc5abc2 elementor-widget elementor-widget-heading\" data-id=\"fc5abc2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Tell me more...<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0a3397 elementor-widget elementor-widget-heading\" data-id=\"d0a3397\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-the-two-things-that-can-happen-when-the-price-reaches-a-support-resistance-level\">What are the two things that can happen when the price reaches a support\/resistance level?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f91fc39 elementor-widget elementor-widget-heading\" data-id=\"f91fc39\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-factors-influence-support-resistance-levels\">What factors influence Support & Resistance levels?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddccbd2 elementor-widget elementor-widget-heading\" data-id=\"ddccbd2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-the-three-types-of-participants-in-a-financial-market\">What are the three types of participants in a financial market? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3973264 elementor-widget elementor-widget-heading\" data-id=\"3973264\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-going-long-short-on-a-trade\">What is going 'long' or 'short' on a trade?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-716c09f elementor-widget elementor-widget-heading\" data-id=\"716c09f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-buy-sell-pressure\">What is \u2018buy\/sell pressure\u2019 & how do they dictate support levels? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4588c4 elementor-widget elementor-widget-heading\" data-id=\"f4588c4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-anchoring-in-support-resistance-levels\">What is anchoring in support\/resistance levels? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eef855 elementor-widget elementor-widget-heading\" data-id=\"9eef855\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-happens-when-support-resistance-levels-are-broken\">What happens when support & resistance levels are broken? \n\n<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48f5d14 elementor-widget elementor-widget-heading\" data-id=\"48f5d14\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-reversal\">What is a reversal? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea48a27 elementor-widget elementor-widget-heading\" data-id=\"ea48a27\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#difference-between-pullbacks-and-reversals\">What is the difference between pullbacks and reversals? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dff989 elementor-widget elementor-widget-heading\" data-id=\"6dff989\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-consolidation\">What is a consolidation? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf0d57b elementor-widget elementor-widget-heading\" data-id=\"bf0d57b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-are-support-resistance-levels-key-for-risk-management\">Why are support\/resistance levels key for risk management & maximising profits? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-563af90 elementor-widget elementor-widget-heading\" data-id=\"563af90\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-can-you-undershoot-or-overshoot-a-support-resistance-level\">How can you \u2018undershoot\u2019 or \u2018overshoot\u2019 a support\/resistance level? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e4bab5 elementor-widget elementor-widget-heading\" data-id=\"0e4bab5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-waiting-for-confirmation\">What is \u2018waiting for confirmation\u2019? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9674377 elementor-widget elementor-widget-heading\" data-id=\"9674377\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-false-breakout\">What is a false breakout? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37af782 elementor-widget elementor-widget-heading\" data-id=\"37af782\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-bull-trap\">What is a \u2018bull trap\u2019? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9aeba7 elementor-widget elementor-widget-heading\" data-id=\"e9aeba7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-does-trading-volume-interact-with-support-resistance-levels\">How does trading volume interact with support\/resistance levels? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-120e669 elementor-widget elementor-widget-heading\" data-id=\"120e669\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-is-submitting-two-pending-orders-when-entering-a-trade-good\">Why is it good to submit two pending exit orders whenever you enter a position\/make a trade? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8df692a elementor-widget elementor-widget-heading\" data-id=\"8df692a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-an-invalidation-point\">What is an invalidation point? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-349d336 elementor-widget elementor-widget-heading\" data-id=\"349d336\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-do-sr-levels-form-around-round-numbers\">Why do SR levels tend to form around round numbers? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca3f762 elementor-widget elementor-widget-heading\" data-id=\"ca3f762\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-does-the-strength-of-support-resistance-levels-mean\">What does the \u2018strength\u2019 of a support\/resistance level mean? \n\u200b<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-792328c elementor-widget elementor-widget-heading\" data-id=\"792328c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-is-support-resistance-important-for-whales\">Why are S\/R levels important for whales? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d78d227 elementor-widget elementor-widget-heading\" data-id=\"d78d227\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-some-other-technical-factors-strategies-to-determine-support-resistance-levels\">What are some other technical factors\/strategies to determine support\/resistance levels? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71859d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71859d3\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a71a75\" data-id=\"2a71a75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5244f0b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5244f0b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8551f93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8551f93\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d362f85\" data-id=\"d362f85\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef9c109 elementor-widget elementor-widget-menu-anchor\" data-id=\"ef9c109\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-the-two-things-that-can-happen-when-the-price-reaches-a-support-resistance-level\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7d7410 elementor-widget elementor-widget-heading\" data-id=\"f7d7410\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-the-two-things-that-can-happen-when-the-price-reaches-a-support-resistance-level\">What are the two things that can happen when the price reaches a support\/resistance level?<\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8c53ec elementor-widget elementor-widget-text-editor\" data-id=\"c8c53ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Two things can happen once the price reaches a support or resistance level:<\/p>\n<ol>\n<li>It can either bounce away from the area (bouncing up from a support level or back down from a resistance level), creating a pullback\/reversal<br \/><br \/><\/li>\n<li>Or it can break through the SR level and continue in the direction of the trend towards the next support or resistance level.<\/li>\n<\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b6262e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b6262e6\" data-element_type=\"section\" id=\"content-1\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60fa4dc\" data-id=\"60fa4dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2c293e elementor-widget elementor-widget-menu-anchor\" data-id=\"c2c293e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-factors-influence-support-resistance-levels\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5ac06b elementor-widget elementor-widget-heading\" data-id=\"b5ac06b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-factors-influence-support-resistance-levels\">What factors influence Support & Resistance levels? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48c59b4 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"48c59b4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Traders remember certain <b>key buy\/sell price points <\/b>from the past (anchoring), reacting to them based on both technical &amp; historical factors as well as what they remember or \u2018feel\u2019 an asset will do when it reaches a price point.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">If an asset trades around a certain price for a long time, that price is likely to be <b>cemented<\/b> in the minds of traders. As more people set buy\/sell orders near that price point, the more support\/resistance levels become established. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">When an asset reliably bounces up off a support level, some of the <b>demand\/buying pressure<\/b> could be from <b>institutions, banks &amp; whales<\/b> (big holders) who have placed large orders to buy at that price. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3912e3a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3912e3a\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32140f9\" data-id=\"32140f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-436ad89 elementor-widget elementor-widget-menu-anchor\" data-id=\"436ad89\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-the-three-types-of-participants-in-a-financial-market\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b03047 elementor-widget elementor-widget-heading\" data-id=\"4b03047\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-the-three-types-of-participants-in-a-financial-market\">What are the three types of participants in a financial market? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16d3123 elementor-widget elementor-widget-text-editor\" data-id=\"16d3123\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>To properly understand how a financial market works, you should know that there are three main types of participants that affect the price of an asset.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\n<ol>\n<li>Those who go \u2018long\u2019, waiting for the price to rise<\/li>\n<li>Those who go \u2018short\u2019, hoping the price will fall<\/li>\n<li>Those who have not yet decided and are waiting on the sidelines<\/li>\n<\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bfa7fe1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bfa7fe1\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5928ee\" data-id=\"c5928ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-227be0b elementor-widget elementor-widget-menu-anchor\" data-id=\"227be0b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-going-long-short-on-a-trade\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a9787d elementor-widget elementor-widget-heading\" data-id=\"0a9787d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is going \u2018long\u2019 or \u2018short\u2019 on a trade? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-898bb34 elementor-widget elementor-widget-text-editor\" data-id=\"898bb34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>You can \u2018long\u2019 an asset by buying a <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> (or any asset\/stock) at a certain price, and then selling it <strong>after<\/strong> its price has <strong>risen<\/strong>. Conversely, a \u2018short\u2019 is a type of trade where you can turn a profit by betting that an asset will <strong>decrease<\/strong> in value.<\/p><p>Traders use support and resistance levels to plan entry and exit points for long\/short trades. If the price of a crypto breaks the support levels, it is seen as an opportunity to take a short position (as you think the price will keep going down).<\/p><p>Alternatively, if the price smashes through a previous resistance level, this is a good sign that a long position might be your best bet as the ceiling has been broken and the price has room to grow.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ada0016 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ada0016\" data-element_type=\"section\" id=\"content-3\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0161c79\" data-id=\"0161c79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8245223 elementor-widget elementor-widget-menu-anchor\" data-id=\"8245223\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-buy-sell-pressure\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e8fedc elementor-widget elementor-widget-heading\" data-id=\"9e8fedc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is \u2018buy\/sell pressure\u2019 & how do they dictate support levels? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52083af elementor-widget elementor-widget-text-editor\" data-id=\"52083af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>It can take a little while to get your head around how market psychology and individual traders influence SR levels and price action in fairly predictable ways. Understanding how <strong>\u2018buying\/selling pressure\u2019<\/strong> relates to SR levels can be a big help.<\/p><p><strong>A resistance level<\/strong> is the opposite of this, but it works in the same way. This is the price level where enough traders feel an asset is <strong>overvalued<\/strong> and willing to sell and take profit at that point. The large number of people placing sell orders at this price creates a ceiling which can reject the upwards push, often sending the price back down temporarily.<\/p><p>Put simply, <strong>a support level<\/strong> is formed by buying pressure, which is the price at which a large number of traders feel they\u2019d be happy buying an asset at (because they think they\u2019ll be able to sell it at a higher price in the future).<\/p><p>Buying pressure (in the form of buy orders) pile up around a certain price point, creating a \u2018floor\u2019 of support because the demand to buy at that price <strong>outweighs<\/strong> the people selling at that price, causing the price to bounce off that level. This prevents steep declines and can sometimes shift things back in a positive, <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-bull-bear-market\" target=\"_blank\" rel=\"noopener\">bullish<\/a> direction.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ab8dac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ab8dac\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a92f8c2\" data-id=\"a92f8c2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a486f7 elementor-widget elementor-widget-menu-anchor\" data-id=\"6a486f7\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-anchoring-in-support-resistance-levels\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-110341a elementor-widget elementor-widget-heading\" data-id=\"110341a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-anchoring-in-support-resistance-levels\">What is anchoring in support\/resistance levels? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b54f5c elementor-widget elementor-widget-text-editor\" data-id=\"9b54f5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Anchoring is a term from behavioural finance that describes an irrational bias towards an <strong>arbitrary<\/strong> <strong>benchmark figure<\/strong> (the anchor). It is a conditioned response by traders that involves the subconscious use of irrelevant information, such as past <strong>purchase\/sell prices<\/strong> of a crypto\u00a0as <strong>fixed reference points<\/strong> for making subsequent decisions about that asset. This reference point is also known as an anchor.<\/p>\n<p>If, for example, a resistance or support level has been established over a <strong>long period of time<\/strong>, it establishes a shared anchor in the minds of many traders who have noticed that particular price point or have bought\/sold at that price point. This creates a snowball effect as more traders associate this as a good point to buy\/sell, meaning these same levels will likely be resistance or support in the future.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ccdbc76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ccdbc76\" data-element_type=\"section\" id=\"content-4\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e80480b\" data-id=\"e80480b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c08739 elementor-widget elementor-widget-menu-anchor\" data-id=\"4c08739\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-happens-when-support-resistance-levels-are-broken\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc2a7b5 elementor-widget elementor-widget-heading\" data-id=\"cc2a7b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What happens when support & resistance levels are broken? \n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80bb864 elementor-widget elementor-widget-text-editor\" data-id=\"80bb864\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Support\/resistance barriers break once either the buying or selling efforts have been <strong>completely \u2018absorbed\u2019 <\/strong>by the market and there is sufficient <strong>buy\/sell pressure<\/strong> to break through the barrier. Occasionally, when these barriers are broken, a major shift in sentiment can take place, resulting in a big price pump\/drop and <strong>new<\/strong> <strong>support\/resistance levels<\/strong> being established.<\/p><p>Usually after a few retests (the price touching a SR level), the selling behind an established resistance level will be absorbed and fully exhausted, meaning traders no longer see it as a good place to take profit\/sell, but rather as a good entry point for buyers due to the disappearance of the previous resistance level. This can result in <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-bull-bear-market\" target=\"_blank\" rel=\"noopener\">bullish<\/a> sentiment and the potential for a big jump in price.<\/p><p>Similarly, when the buying pressure behind a support level runs out and is fully absorbed by the market, the price will drop through it, <strong>turning that support level into a resistance level<\/strong> because traders are no longer interested in buying at the previous support price. The breaking of a support level often sees an asset fall further in price until buyers come in and establish a new support level, temporarily reversing the downwards trend and sending the price back up.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6b41f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6b41f3\" data-element_type=\"section\" id=\"content-5\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebf1ee6\" data-id=\"ebf1ee6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a97fde elementor-widget elementor-widget-menu-anchor\" data-id=\"5a97fde\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-a-reversal\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fdf287 elementor-widget elementor-widget-heading\" data-id=\"5fdf287\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-reversal\">What is a reversal? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b8e250 elementor-widget elementor-widget-text-editor\" data-id=\"3b8e250\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A reversal is when the direction of a price trend has changed, from going up to going down, or vice-versa. Reversals usually refer to changes in the <strong>overall\/long term price trend<\/strong> rather than the trend of just a few hours or days. However, there will be many minor reversals (commonly known as pullbacks, retracements or consolidations) within a broader upwards\/downwards time as the price oscillates between various support\/resistance levels.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72e7306 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72e7306\" data-element_type=\"section\" id=\"content-6\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2cfcf2d\" data-id=\"2cfcf2d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-283c8ad elementor-widget elementor-widget-menu-anchor\" data-id=\"283c8ad\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"difference-between-pullbacks-and-reversals\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-288296b elementor-widget elementor-widget-heading\" data-id=\"288296b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is the difference between pullbacks and reversals? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fcd366 elementor-widget elementor-widget-text-editor\" data-id=\"3fcd366\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A pullback refers to a price changing direction in the <strong>short term<\/strong> during an overall upwards or downwards trend. A reversal is used to describe a new longer-term trend of price movement. Although they are indistinguishable from one another when they occur, having an understanding of other technical factors and waiting to see what happens is the best way to see whether you are seeing a pullback or a reversal.<\/p><p>A pullback is very similar to\u00a0retracement\u200b or\u00a0consolidation, and the terms are sometimes used interchangeably. It is a temporary reversal in price that <strong>does not change<\/strong> the overall, longer-term trend. These <strong>small counter moves<\/strong> provide ideal points to get into a trade if the overall trend is clearly <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-bull-bear-market\" target=\"_blank\" rel=\"noopener\">bullish\/bearish<\/a> but you have just seen a pullback, retracement or consolidation.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41094a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41094a5\" data-element_type=\"section\" id=\"content-7\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e474428\" data-id=\"e474428\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88aaa5e elementor-widget elementor-widget-menu-anchor\" data-id=\"88aaa5e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-a-consolidation\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccb0433 elementor-widget elementor-widget-heading\" data-id=\"ccb0433\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is a consolidation? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2997466 elementor-widget elementor-widget-text-editor\" data-id=\"2997466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Retracement and pullbacks are fairly similar but consolidations are a little different. Consolidation\u00a0refers to an\u00a0<a href=\"https:\/\/www.investopedia.com\/terms\/a\/asset.asp\">asset<\/a>\u00a0oscillating between SR levels and is often interpreted as market indecisiveness, keeping a cryptocurrency\u2019s price within a fairly defined trading pattern. Consolidations are sideways price action that can be broken, for example, by a big piece of bullish\/bearish news or a new update that changes how people feel about the asset enough for it to break out of its defined SR zones.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2422ed3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2422ed3\" data-element_type=\"section\" id=\"content-8\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d4b3c4\" data-id=\"1d4b3c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-832bf0f elementor-widget elementor-widget-menu-anchor\" data-id=\"832bf0f\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-are-support-resistance-levels-key-for-risk-management\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53a9663 elementor-widget elementor-widget-heading\" data-id=\"53a9663\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-are-support-resistance-levels-key-for-risk-management\">Why are support\/resistance levels key for risk management & maximising profits? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-185f7df elementor-widget elementor-widget-text-editor\" data-id=\"185f7df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The ability to consistently identify SR areas can present many favourable trading opportunities, while also minimising your risk. If there is a major support level that has been key in the past, you may, for example, want to set a sell\/take profit order <strong>just below<\/strong> that support level. There is a good chance that support will hold as it has done in the past, <strong>but<\/strong> if it does give way, there is a good chance the price will keep dropping (at least in the short term), so it might be in your best interest to get out while you can. You can always buy back in at a lower price anyway.<\/p>\n<p>Getting into a trade or going long at the lowest possible price right before it <strong>reverses<\/strong> in an <strong>upwards direction<\/strong> is ideal in the same way that selling or going short on a trade <strong>right before it hits a resistance level<\/strong> will maximise your profits on a trade.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a1dae7d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a1dae7d\" data-element_type=\"section\" id=\"content-9\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e0c15a2\" data-id=\"e0c15a2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1430194 elementor-widget elementor-widget-menu-anchor\" data-id=\"1430194\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-can-you-undershoot-or-overshoot-a-support-resistance-level\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16caf08 elementor-widget elementor-widget-heading\" data-id=\"16caf08\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-can-you-undershoot-or-overshoot-a-support-resistance-level\">How can you \u2018undershoot\u2019 or \u2018overshoot\u2019 a support\/resistance level? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53fc83d elementor-widget elementor-widget-text-editor\" data-id=\"53fc83d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Support and Resistance are often drawn as lines or levels, but they are actually just areas. Treating them simply as a line and an exact price level can lead you to undershoot and miss a trade, or overshoot and fall prey to a false breakout.<\/p>\n<p>For example, undershooting is when you are watching an asset\u2019s price descend towards a support level of, let\u2019s say, $1000. You have placed a buy order exactly at that support level (as you expect the support to hold and the price to rebound upwards). However, as the price nears your target buy price it suddenly reverses right before getting there and your order does not get filled. <br \/><br \/>This occurs because a lot of traders expected the support to hold and reverse the trend in the short term, so they were \u2018frontrunning\u2019 the exact support levels by putting their buy price a bit above the actual target support price. While this means buying in at a slightly higher price than the expected bottom, it increases the chance that your order will actually get filled and your trade executed, which is crucial, especially if you are automating your trades and are not at your computer. <br \/><br \/>Overshooting is a similar concept that occurs when the price of an asset rises and breaks through your resistance level, and you assume it\u2019s broken. You buy in, thinking that the trend looks bullish only to see the trend suddenly reverse and head back down. This is called a false breakout (and potentially a \u2018bull trap\u2019 \u2013 explained later on) and can be avoided by waiting for stronger confirmation of an upwards trend before buying in.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-834c880 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"834c880\" data-element_type=\"section\" id=\"content-10\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9e592cc\" data-id=\"9e592cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2e25ae elementor-widget elementor-widget-menu-anchor\" data-id=\"a2e25ae\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-waiting-for-confirmation\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15f49ac elementor-widget elementor-widget-heading\" data-id=\"15f49ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-waiting-for-confirmation\">What is \u2018waiting for confirmation\u2019? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56e06f1 elementor-widget elementor-widget-text-editor\" data-id=\"56e06f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A trader may \u2018probe\u2019 or \u2018wait for confirmation\u2019 as a price approaches an SR line. As markets can be volatile and unpredictable, you may want to wait to see if the price does succeed in <strong>convincingly breaking through<\/strong> a support\/resistance level <strong>before<\/strong> you enter a position. While this means you might not get in as low as others who are a little more trigger happy, you are less likely to deal with the instant regret of falling pretty to a false breakout.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7fdbe59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7fdbe59\" data-element_type=\"section\" id=\"content-11\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-05f0b8e\" data-id=\"05f0b8e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9cb9da1 elementor-widget elementor-widget-menu-anchor\" data-id=\"9cb9da1\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-a-false-breakout\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-badcd6b elementor-widget elementor-widget-heading\" data-id=\"badcd6b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-false-breakout\">What is a false breakout? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63b06de elementor-widget elementor-widget-text-editor\" data-id=\"63b06de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A breakout is when a price pushes through a support or\u00a0resistance level\u00a0aggressively (with a lot of trading volume behind it) and continues upwards. However, the price can often break through a support\/resistance level, only to reverse back shortly after, causing a \u2018false breakout\u2019.<\/p><p><strong>Example:<\/strong> SR levels are not exact numbers \u2013 they are areas. For instance, if you are watching a chart and think that the resistance has been broken, other traders might think otherwise, seeing it as a good opportunity to short the asset and bet on its price falling.<\/p><p>This could be due to enough traders feeling that asset is not ready to go above its current price point, so they will look to short the asset at the highest possible price they can get (which maximises their profit if they are hoping for as sharp a crash as possible). What results from this is the asset potentially breaking out above <strong>your resistance level<\/strong> for just a moment, only to be met by a whole bunch of people shorting the asset, sending it back down again. This is called a false breakout or a \u2018fakeout\u2019.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f0583f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f0583f\" data-element_type=\"section\" id=\"content-12\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-63104f5\" data-id=\"63104f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5aefced elementor-widget elementor-widget-menu-anchor\" data-id=\"5aefced\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-a-bull-trap\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d6afdc elementor-widget elementor-widget-heading\" data-id=\"1d6afdc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-a-bull-trap\">What is a \u2018bull trap\u2019? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-649cb99 elementor-widget elementor-widget-text-editor\" data-id=\"649cb99\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A bull trap is when a small number\/low volume of traders conspire to buy an asset in large quantities, causing the price to be pushed up in a short period of time. Many traders would see this and think it is the start of an extremely bullish run, joining the party and buying some for themselves. <br \/><br \/>Once there is some momentum pushing the price up to a satisfactorily high level, the handful of traders who <strong>initially<\/strong> bought in large quantities sell the asset <strong>all at once<\/strong>, locking in their profits and sending the price back down, taking plenty of investor\u2019s money with it.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e68bf20 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e68bf20\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-97fda07\" data-id=\"97fda07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-951ebbc elementor-widget elementor-widget-menu-anchor\" data-id=\"951ebbc\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-does-trading-volume-interact-with-support-resistance-levels\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-796ae01 elementor-widget elementor-widget-heading\" data-id=\"796ae01\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-does-trading-volume-interact-with-support-resistance-levels\">How does trading volume interact with support\/resistance levels? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd76082 elementor-widget elementor-widget-text-editor\" data-id=\"fd76082\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Trading volume plays an important part in understanding <strong>the conviction &amp; substance<\/strong> behind a price move (whether or not it is likely to continue in the direction of the trend). <strong>High trading volume<\/strong> indicates there is some backing behind a price move (more traders are making the same decision to buy or sell at the same time). Low trading volume means it may just be a temporary price surge\/drop that has little backing behind it.<\/p>\n<p>If a cryptocurrency\u2019s price is experiencing a prolonged downtrend, then all of a sudden it does a 25% increase, the trading volume can give you some much needed info on this move. If trading volume is high this could be an indicator that the downward trend is reversing and things might be heading back up. However, if the trading volume is low, this could suggest a temporary rise (or a bull trap!) rather than a complete reversal of the bearish trend.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b094e8c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b094e8c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7965cd\" data-id=\"f7965cd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddae76b elementor-widget elementor-widget-menu-anchor\" data-id=\"ddae76b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-is-submitting-two-pending-orders-when-entering-a-trade-good\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65f9c44 elementor-widget elementor-widget-heading\" data-id=\"65f9c44\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-is-submitting-two-pending-orders-when-entering-a-trade-good\">Why is it good to submit two pending exit orders whenever you enter a position\/make a trade? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3b6b0a elementor-widget elementor-widget-text-editor\" data-id=\"c3b6b0a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>When entering a new position, it can be advisable to simultaneously submit two pending exit orders: <strong>A stop-loss &amp; a take-profit order<\/strong>. SR areas do more than just give you the best entry point for a trade. They are also useful risk management tools, effectively suggesting where your take profit\/stop loss orders should be set.<\/p>\n<p>Example: Imagine you have just bought and entered a <strong>long position<\/strong> just above a support area. You are confident the trend is bullish but you want to have a contingency plan (an invalidation point) in case you were wrong. Thus, it is prudent to set a stop sell order <strong>just below<\/strong> the support line, in case the trend goes unexpectedly bearish and plummets. And if you are right, maybe you also want to set a take profit\/sell order <strong>just below the next upper resistance line<\/strong> so you can lock in some profits while you are up!\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0f04688 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0f04688\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44268cf\" data-id=\"44268cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-95845bb elementor-widget elementor-widget-menu-anchor\" data-id=\"95845bb\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-an-invalidation-point\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0cafc2 elementor-widget elementor-widget-heading\" data-id=\"c0cafc2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-an-invalidation-point\">What is an invalidation point? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e072096 elementor-widget elementor-widget-text-editor\" data-id=\"e072096\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Every trade you place should have an invalidation point, which is basically where you acknowledge that your initial prediction was wrong and that you start thinking about getting out and cutting your losses so you can live to trade another day. Practically speaking, <strong>an invalidation point is where we place our stop-loss order. <br \/><\/strong><br \/>In the world of trading, losses are inevitable. The important part is that you lose small and win big. Some of the most successful traders lose far more times than they win but still manage to make a glorious profit. And what do they all have in common? A risk management system and a trading strategy that they stick to.<\/p>\n<p>Invalidation points are <strong>different for everyone <\/strong>and can be based on:<\/p>\n<ul>\n<li>The specific trade, your trading strategy &amp; your risk tolerance<\/li>\n<li>Technical factors (SR levels, moving averages, etc.)<\/li>\n<li>News &amp; developments in the space<\/li>\n<li>Market sentiment<\/li>\n<li>The certainty with which you made the trade<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1c05239 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c05239\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eba76be\" data-id=\"eba76be\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b1a33b elementor-widget elementor-widget-menu-anchor\" data-id=\"2b1a33b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-do-sr-levels-form-around-round-numbers\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-053eb38 elementor-widget elementor-widget-heading\" data-id=\"053eb38\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-do-sr-levels-form-around-round-numbers\">Why do SR levels tend to form around round numbers? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78b742a elementor-widget elementor-widget-text-editor\" data-id=\"78b742a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The world is a complex place, and we subconsciously try to simplify things to make sense of it all \u2013 this plays out in SR levels. \u00a0Traders remember <strong>round numbers<\/strong> more easily than numbers with a lot of decimal places \u2013 a clear case of where human psychology comes into play.<br \/><br \/>However, while SR levels are often held in trader\u2019s minds as round numbers, there are plenty of traders who pre-empt this phenomenon and will try to \u2018frontrun\u2019 obvious psychological SR levels. This involves placing an order just <strong>above or below<\/strong> an anticipated support or resistance area. For instance, because so many traders anticipate a reversal\/pullback for BTC at the price of, say $40,000, some traders will set sell orders just below $40,000, to make sure they are filled before the price goes back down. With so many traders frontrunning this level, the price <strong>never actually reaches the SR level<\/strong> and reverses just before it.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-95dfe6c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"95dfe6c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8e4faee\" data-id=\"8e4faee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5165209 elementor-widget elementor-widget-menu-anchor\" data-id=\"5165209\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-does-the-strength-of-support-resistance-levels-mean\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b82cd2 elementor-widget elementor-widget-heading\" data-id=\"4b82cd2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-does-the-strength-of-support-resistance-levels-mean\">What does the \u2018strength\u2019 of a support\/resistance level mean? \n\u200b<\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2ea479 elementor-widget elementor-widget-text-editor\" data-id=\"d2ea479\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Another thing to consider is the strength of a support or resistance area. The more times support\/resistance levels hold and reverse the trend, the stronger the level is considered to be. However, the more times the price drops and retests a support area, the more likely it is to break to the downside, especially if the retests take place over <strong>a long period of time<\/strong>. Similarly, the more times the price increases and retests a resistance area, the more likely it is to break to the upside.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f6a3039 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f6a3039\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e8a8a46\" data-id=\"e8a8a46\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1622121 elementor-widget elementor-widget-menu-anchor\" data-id=\"1622121\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-is-support-resistance-important-for-whales\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-361ee19 elementor-widget elementor-widget-heading\" data-id=\"361ee19\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-is-support-resistance-important-for-whales\">Why are S\/R levels important for whales? <\/a><\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c0b497 elementor-widget elementor-widget-text-editor\" data-id=\"9c0b497\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Traders remember notable price levels that have seen increased trading activity. These are often price levels which an asset has traded around for a while, and since many traders may be looking to buy\/sell at those levels, this results in increased liquidity around that price. And the whales know this. <br \/><br \/>A whale is a big buyer whose seemingly bottomless pockets can create significant changes in the market. Whales look to take advantage of these key SR levels and price points due to the likelihood of a reversal and the <strong>increased liquidity<\/strong>, using them to enter\/exit large positions around these levels, maximising their profits.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bb06e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7bb06e9\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2e42543\" data-id=\"2e42543\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2bfef2 elementor-widget elementor-widget-menu-anchor\" data-id=\"c2bfef2\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-some-other-technical-factors-strategies-to-determine-support-resistance-levels\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fb00ac elementor-widget elementor-widget-heading\" data-id=\"8fb00ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are some other technical factors\/strategies to determine support\/resistance levels? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b68269f elementor-widget elementor-widget-text-editor\" data-id=\"b68269f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>SR levels can be understood simply, or you can go super deep with them. The most reliable support and resistance levels tend to be the ones that are confirmed by multiple strategies and <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-technical-analysis-in-crypto\/\" target=\"_blank\" rel=\"noopener\">technical indicators.<\/a> Here\u2019s a quick overview of a few of the key ones:<\/p><p><b>RSI (Relative Strength Index)<br \/><\/b><b><br \/><\/b>RSI is a useful number between 0-100 that indicates when an asset\u2019s price is too far from its \u2018true\u2019 value, allowing you to take advantage of an asset being \u2018overbought\u2019 (ready for a fall) or \u2018oversold\u2019 (ready for a pump), allowing you to get in or out right before the market corrects itself and reverses. It evaluates an asset price on a scale of 0 to 100, considering a variety of time periods and factors.<\/p><p>An RSI score of 30 or less suggests that the asset is probably close to its bottom (oversold), a score above 70 indicates that the asset price is potentially near its top (overbought) for that period. It is essentially a tool that measures the momentum of an asset\u2019s price, but it can also be used to predict trend reversals or to identify support and resistance levels.<\/p><p><b>Moving Average<\/b><\/p><p>The Moving Average is a\u00a0technical analysis\u00a0tool that smooths out price data by creating a single, flat line that is the constantly updated average price. The average price can be taken over different time periods (10 days, 10 minutes or 10 months) and is meant to show the overall trend of an asset while eliminating random price fluctuations.<\/p><p>Moving averages can be useful in determining what an asset has been doing over a set period of time. If the line of the moving average is angled up, you know there is an overall upwards trend and vice versa. If the line is more or less flat, this indicates that an asset\u2019s price isn\u2019t trending in any particular direction and is remaining fairly constant.<\/p><p><b>BB (Bollinger Bands)<\/b><\/p><p>In a nutshell (which is all we have time for in this piece (check out our <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-technical-analysis-in-crypto\/\" target=\"_blank\" rel=\"noopener\">technical analysis<\/a> article for more!)), the BB indicator shows how prices are dispersed around an average value through the use of three separate bands on a chart. Bollinger Bands work as a tool to measure price oscillations, indicating to us whether the market has high or low volatility, as well as overbought or oversold conditions.<\/p><p>If this seems confusing to you, don\u2019t worry \u2013 this stuff is in no way crucial to understanding the fundamentals of support\/resistance levels and how they can help you make smarter trades. What\u2019s important is understanding the basic concepts and then putting your newfound knowledge to good use. And we\u2019ve built a great place for traders of all levels to get started. With extremely low fees, an easy-to-use interface and customer-support you can rely on, trading crypto is safe, simple &amp; stress-free with\u00a0<a href=\"http:\/\/digitalsurge.com.au\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>.<\/p><div><div><div id=\"_com_6\" class=\"msocomtxt\"><!-- [if !supportAnnotations]--><\/div><p><!--[endif]--><\/p><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-488af47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"488af47\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e410d8\" data-id=\"4e410d8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c50a8d elementor-widget elementor-widget-heading\" data-id=\"6c50a8d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b79f15 elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"8b79f15\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5443\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-support-resistance-sr-levels-in-crypto\/\"  data-item_title=\"What are Support &amp; Resistance (SR) levels in crypto?\"  data-item_date=\"2021-06-08T03:35:05+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-566cc94 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"566cc94\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-59a152e\" data-id=\"59a152e\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36596e7 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"36596e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-556ccc7 elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"556ccc7\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccc15d5 elementor-widget elementor-widget-heading\" data-id=\"ccc15d5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5002b05 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5002b05\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b6796e\" data-id=\"5b6796e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6837a92 elementor-widget elementor-widget-text-editor\" data-id=\"6837a92\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a style=\"transition: var(--transition); background-image: var(--background-decoration, none); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-align: inherit; text-transform: var(--textTransform); background-color: var( --e-global-color-c530ec8 );\" href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Di<\/a><span style=\"font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-align: inherit; text-transform: var(--textTransform);\"><a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"http:\/\/digitalsurge.com.au\/\">g<\/a><\/span><a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">ital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a style=\"transition: var(--transition); background-image: var(--background-decoration, none);\" href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a62d89 elementor-widget elementor-widget-text-editor\" data-id=\"9a62d89\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9f88b23 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9f88b23\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-160bd93\" data-id=\"160bd93\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-83107c1 elementor-widget elementor-widget-heading\" data-id=\"83107c1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Related articles\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f8ae8ad elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f8ae8ad\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e2cc273\" data-id=\"e2cc273\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b637d55 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elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0fe84fc\" data-id=\"0fe84fc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d53214e elementor-widget elementor-widget-heading\" data-id=\"d53214e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-altseason-how-do-i-make-the-most-of-it\" target=\"_blank\">What is \u2018Altseason\u2019 & how do I make the most of it?\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0b0951a\" data-id=\"0b0951a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-234ed5f elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"234ed5f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-altseason-how-do-i-make-the-most-of-it\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"240\" height=\"180\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/Altseason.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3ab38e2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ab38e2\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-77724cd\" data-id=\"77724cd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eb3d294 elementor-widget elementor-widget-heading\" data-id=\"eb3d294\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-fundamental-analysis-in-crypto\/\" target=\"_blank\">What is fundamental analysis in crypto?\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-24f7fb7\" data-id=\"24f7fb7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5739633 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"5739633\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-fundamental-analysis-in-crypto\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"306\" height=\"208\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual.png 306w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual-300x204.png 300w\" sizes=\"auto, (max-width: 306px) 100vw, 306px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d627274 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d627274\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8e74001\" data-id=\"8e74001\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-061c9eb elementor-widget elementor-widget-heading\" data-id=\"061c9eb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-are-stablecoins\/\" target=\"_blank\">What are Stablecoins?\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-42adbd9\" data-id=\"42adbd9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7a645c7 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"7a645c7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-are-stablecoins\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"102\" height=\"114\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/bills.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5443\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-support-resistance-sr-levels-in-crypto\/\"  data-item_title=\"What are Support &amp; Resistance (SR) levels in crypto?\"  data-item_date=\"2021-06-08T03:35:05+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"excerpt":{"rendered":"<p>\u2190 Back What are Support &#038; Resistance (SR) levels in crypto? Definition Support &amp; resistance are key price barriers that stop an asset\u2019s price from making overly dramatic moves. Support acts as a floor for the price &amp; resistance acts as a ceiling. Understanding Support &#038; Resistance levels Support &amp; resistance are a fundamental part of analysing a cryptocurrency (or any asset) in the short term. They refer to important price levels on a chart that indicate the area at which an asset will:\u00a0 Fall to a certain price and then bounce back up as there is a sufficient demand\u2026<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5443\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-support-resistance-sr-levels-in-crypto\/\"  data-item_title=\"What are Support &amp; Resistance (SR) levels in crypto?\"  data-item_date=\"2021-06-08T03:35:05+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-5443","page","type-page","status-publish","hentry"],"blocksy_meta":"","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"<p>\u2190 Back What are Support &#038; Resistance (SR) levels in crypto? Definition Support &amp; resistance are key price barriers that stop an asset\u2019s price from making overly dramatic moves. Support acts as a floor for the price &amp; resistance acts as a ceiling. Understanding Support &#038; Resistance levels Support &amp; resistance are a fundamental part of analysing a cryptocurrency (or any asset) in the short term. They refer to important price levels on a chart that indicate the area at which an asset will:\u00a0 Fall to a certain price and then bounce back up as there is a sufficient demand&hellip;<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_5443\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-are-support-resistance-sr-levels-in-crypto\/\"  data-item_title=\"What are Support &amp; Resistance (SR) levels in crypto?\"  data-item_date=\"2021-06-08T03:35:05+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","category_list":"","author_info":{"name":"user","url":"http:\/\/3.26.50.104\/education\/author\/user\/"},"comments_num":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What are Support &amp; Resistance (SR) levels in crypto? - Crypto Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/3.26.50.104\/education\/what-are-support-resistance-sr-levels-in-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are Support &amp; Resistance (SR) levels in crypto? - Crypto Simple\" \/>\n<meta property=\"og:description\" content=\"\u2190 Back What are Support &#038; Resistance (SR) levels in crypto? Definition Support &amp; resistance are key price barriers that stop an asset\u2019s price from making overly dramatic moves. Support acts as a floor for the price &amp; resistance acts as a ceiling. Understanding Support &#038; Resistance levels Support &amp; resistance are a fundamental part of analysing a cryptocurrency (or any asset) in the short term. 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Definition Support &amp; resistance are key price barriers that stop an asset\u2019s price from making overly dramatic moves. Support acts as a floor for the price &amp; resistance acts as a ceiling. Understanding Support &#038; Resistance levels Support &amp; resistance are a fundamental part of analysing a cryptocurrency (or any asset) in the short term. 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