Support and Resistance Levels Explained for Crypto Traders

Support and Resistance Levels Explained for Crypto Traders

<h2>Pain Points in Crypto Trading</h2><p>New traders often struggle to identify optimal entry/exit points, leading to premature liquidations or missed profit opportunities. A 2023 Chainalysis report revealed that <strong>68% of retail investors</strong> incorrectly interpret <strong>support and resistance levels</strong> during volatile market conditions like Bitcoin‘s 30% swing last March.</p><h2>Technical Analysis Framework</h2><p><strong>Step 1: Identify Historical Price Clusters</strong><br/>Use <strong>volume–profile…