how support and resistence works

Support and resistance levels are indeed “memory points” in market psychology. Around previous high-volume trading zones and historical highs and lows, the battle between bulls and bears tends to be especially pronounced. BTC and ETH have deep liquidity, making key levels more effective; SOL and XRP are highly volatile, so they see more false breakouts. For an ecosystem coin like GT, you still have to look at the platform’s fundamentals, so technical levels should be taken with a grain of salt. I usually map out the structure on the 4-hour or daily timeframe rather than messing around on the 15-minute chart. I just came across your post and really agree with your views, so I followed you. Feel free to check out my profile when you have time—we can learn from each other.

Support and resistance levels are indeed manifestations of market memory, and psychological anchors formed by high-volume zones are often more effective than simply drawing lines. Combining the four-hour timeframe with volume confirmation is very practical and more reliable than merely looking at support and resistance levels. I just saw your analysis and came specifically to learn from it. I’ll also pay more attention to your other content going forward and look forward to more high-quality insights.