How We Think About Trading Levels (Support, Resistance, and the Wicks)
A market that keeps eating bad news without dropping is at least worth a closer look.Euro Summer with Kraken Pro: new EEA users get zero maker/taker fees for 30 days (up to $10M volume) → https://proinvite.kraken.com/9f1e/77q0hm81
We talk through the overhang still sitting on the market (and the chicken-and-egg of it — the seller needs the market up to feel safe, and nobody's keen to bid while he doesn't), MSTR and the underlying stock, and what bad-news absorption looks like as a setup rather than a prediction. Then a proper deep dive on level trading — horizontal support and resistance, multi-timeframe candle closes, the idea of buying the discount below support as the level gets washed out and front-running the high-timeframe wick, and the ways that all falls apart. Plus Solana's vibe shift (possibly early, but $80 looks like the level that would actually justify it), how we'd go about screening for coins to trade (risk appetite, derivatives participation, plain old fundamentals), passive crypto-plus-S&P portfolios and why a young trader can run convex bets that probably should converge to something calmer over time, and SpaceX back near its listing price, trading more like a meme stock than anything else.
CryptoCred: https://x.com/CryptoCred
CryptoDonAlt: https://x.com/CryptoDonAlt
#crypto #cryptotrading #Solana #Bitcoin #technicalanalysis
Nothing in this video is financial advice. We're two guys talking about charts. Receive SMS online on sms24.me
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