Supply zones typically suppress prices, while demand zones tend to cause positive price action. Being able to identify supply and demand zones can really step your trading up a notch. But just like any other http://jasperachr206.image-perth.org/15-ways-to-stay-sane-while-trading-crypto trading concept, it’s something to use in conjunction with other methods to verify your market stance. Since you had identified the support level as a key support, you would be fairly confident that the price would bounce back due to the increased buying pressure at this level. A support level is a price level where there is a strong buying pressure, preventing the price from falling below the level. By now you should already be somewhat familiar with the basics of support and resistance.
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