1/ Support and resistance (SR) is crucial in trading. Especially in #crypto where technical levels are respected. This is the first thread in a series where I will break down SR. I'm starting with the simplest form of SR, psychosocial levels (PL). #cryptotrading
2/ PLs are always useful, but they're best used when a crypto breaks an ATH and you have no price data you can use for SR. $BTC is the first example.

On BTC psych levels are every 1k, starting from 70k the levels are 71, 72, 73, 74, 75, 76, 78, 79, 80, 81. You get the idea.
3/ On smaller caps big rounded numbers can be more powerful, these are called major PLs. The smaller ones are called minors. More in examples below.

Why do these rounded numbers matter? Why is 75k important but not 75,182?

PLs are a self-fulfilling prophecy.
4/ PLs only work because humans are trading. If the market were completely controlled by bots, they wouldn't work. People place limit and stop orders near to big round numbers, so when the market approaches those numbers, orders trigger and price reacts.
5/ Looking at $ADA as an example. The 3.00 was a major psychological barrier. When ADA was approaching it, most people expected a pullback from 3. So, they set orders are that level. Image
6/ This is an example of price breaking an ATH and PLs working well as targets for selling or for entering into a short trade.

I use PLs to predict where price will stall so I can take profit or where to buy more on a pullback.
7/ Here is an example with $FLAME a #metaverse crypto I shilled at 1.10 Image
8/ Here is an example with $GALA. Major PLs on GALA are 0.2, 0.3, 0.4 but 0.21, 0.22, 0.23, 0.24, 025, etc are minor PLs. GALA reacts at minor levels just before the major 0.3, 0.4 levels, as you see here. Image
9/ Plotting PLs on your charts when an ATH is broken can help determine where to set your limit orders. If you want to buy the dip a PL is often a good place to enter. If you want to take profit, a PL is often a good place to do that.
10/ This is first in a series of threads about SR. I will break down more advanced SR in my next thread. I will then link all of them together into a super SR thread.

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More from @LadyofCrypto1

28 Nov
I shared this 2 days ago and my following exploded.

My story is true, but I didn't only pick winners. I picked cryptos that dumped. I got rugged. I bought tops. I sold bottoms.

I put 5 figures on $BUNNY at $500. That was a -99.5% lesson.

I am not perfect. I am often wrong.
I keep going though.

When I pick a good crypto I take profit religiously and reinvest the dips, or into other projects.

I research my ass off to find projects early. When I do get in late I scale in dips instead of ape.

I have a small team and we share research.
Success isn't always being right. It's about accepting when you're wrong and learning from it. It's also about working as hard as you can to achieve your goals.
Read 4 tweets
28 Nov
1/ This is how I bought $SAND at 0.06 and held it till today.

I talk about scaling in and out all the time, but visualising how to do it over several months, and retraces, is hard.

Now you have a rough guide. These numbers are not precise but close enough. NFA DYOR
2/ So when people ask "what's your target"

I do not have one. I invest for the long term scale-out profit at resistance and scale in at support on dips.

For $SAND I was using psychological levels as support and resistance.

Read 6 tweets
27 Nov
1/ $CRAFT

- Low market cap ($252 m)
- #Metaverse & #PlayToEarn
- On $AVAX
- The game looks amazing
- VC vesting is great

Not financial advice, do your own research.

@Talecraftio #NFT #NFTGame
2/ -POTENTIAL-
Metaverse is a booming sector. A $25m market cap would put this in the top 80 metaverse. In my opinion this is much higher than a top 80. Long-term I would expect a market cap of a few hundred million.

This is not financial advice, it's my personal expectation. Image
3/ -TOKENOMICS-
The tokenomics for CRAFT are phenomenal. 1.7m circulating supply at the moment, the max supply is 30m but there is a burning mechanism which will eat away 5m of the supply.

CRAFT is required in order to play the game, which will keep demand for the token high. Image
Read 7 tweets
25 Nov
1/ Last week I wrote about #Metaverse and #PlayToEarn cryptos decoupling from $BTC.

Every day that goes by, that is looking more and more like reality. Will it last? I am hopeful, but not convinced.

2/ This chart shows $MVI, which is the Metaverse index, an index of several MV cryptos overlaid on a $BTC chart.

Since the end of September MV has decoupled from BTC. This was due to Zuckerberg changing FBs name to Meta. News based decoupling is common and not noteworthy.
3/ From the 10th of November, things have become strange. We are seeing a true decoupling. Last week I thought it was momentary and things would reset. One week later the gap is only getting bigger.

Is it permanent?
Read 8 tweets
23 Nov
1/ When I first looked at $LYXE I wasn't blown away. Big mistake, this #metaverse and #NFT crypto is an absolute gem. Now I have my second chance and I won't waste it.

I've shared my LYXE entries already, I've gone bigger at 17. This one is a 3-6 month hold.

@lukso_io
2/ Lukso is a #blockchain for #NFTs using ETH 2.0 proof of stake. At least it will be when the mainnet comes out. It is dipping right now because the mainnet was delayed. Delays are good, it means they aren't rushing out something that doesn't work to keep people happy.
3/ It also means that paperhands have gifted me prices I thought I would never see again, thanks 😘

Why is Lukso so good?

First, it gives you an identity in the metaverse that you can take from MV to MV, even on different blockchains. Some other cryptos do this.
Read 15 tweets
23 Nov
1/ This is the first in a series of articles on gem hunting. I'll start with the easiest way, launchpads (LPAs).

Some say that LPA #cryptos aren't gems because of presellers price dumping, but I got a lot of good #PlayToEarn and #Metaverse gems for LPAs. They're 💎 imo.
2/ You need to be aware of vesting schedules, so you can plan for dips when presale holders dump. This info is on the LPAs telegram.

If you don't know what a LPA is, it's a service that promotes and launches cryptos. Holders of the LPA crypto get presale prices.
3/ You can find gems by visiting a LPAs website and looking for projects that are launching. You won't be able to get in presale if you don't hold the LPA, but nothing is stopping you from getting in after public release.
Read 7 tweets

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