How to Trade Support and Resistance for Beginners

In this latest video from the series of educational tutorial videos from renowned trading analyst Jacob Canfield, Jacob talks through how to trade support and resistance in crypto trading.

You can find the full video below, but here is a rundown of some of the main points Jacob talks about in the video.

What can act as a support or as a resistance?

Taking a look at some of the main indicators for support or resistance when trading, including moving averages, Fibonacci retracement levels, and opens and closes.

Important things to know and key tips for trading with support and resistance

Other factors that are important to know about support and resistance, and key tips for trading.

Drawing Support and Resistance levels

Not sure how to draw and support and resistance levels or what they look like? Don’t fret! All is revealed in this video. Jacob looks at current support and resistance levels for some of the tradable cryptocurrencies on Bybit, including BTC, ETH, and XRP.

Check out the full video from Jacob here:

* This content does not represent the views of Bybit. As such, it should be not be seen as trading and financial advice, it is merely an opinion. Trading is done at your own risk.