Write2Earn! Learn Support & Resistance Analysis through SOL/USDT
Many beginner traders are confused about how to determine valid support and resistance. Let's discuss a real example using SOL/USDT!
🔹 What is support & resistance?
Support = the area where the price tends to “bounce” up.
Resistance = the area where the price often gets held back or “drops” down.
🔎 In the SOL/USDT pair, there are several important levels we can study:
Strong support at $138 → has been tested several times without breaking.
Main resistance at $150–152 → this area has been a barrier to upward movement since the beginning of the week.
🔄 Why is this important?
Because from these two levels we can:
Determine a safer entry
Set a logical stop-loss
Avoid entering when the price is in the middle (not ideal)
✍️ Example of a learning strategy:
Wait for the price to retest support → look for reversal signals for entry.
Or wait for a breakout of resistance + volume confirmation → entry following the trend.
🎯 The point is: understand price structure = the sharper our feeling to read the market!
Hope this is helpful for those just starting to learn. Any insights or questions? Drop in the comments!
#CryptoEdu #BinanceLearn #Write2Earn
#TradingPemula