What Are Support and Resistance?

[Bash4j]

Support and resistance are significant levels in the price and a direct offshoot of supply and demand levels. In fact, all support and resistance lines were originally supplies or demand zones in which the price was already tested a few times. That is how support and resistance are created – they are essentially the confirmed supply and demand levels

The Difference Between Supply & Demand and Support & Resistance
    As mentioned earlier in the article, supply and demand are fresh levels or zones where a price has not been determined yet. Therefore, these levels are valid to trade.
Support and resistance are levels or lines in which the price was already determined and changed a few times, therefore making them less relevant to trade.

Why Supply & Demand is the Way to Trade
The method of supply and demand trading is basically to trade these levels based on the fresh price after these levels are created. Trading supply and demand only at the first touch is the most professional and safe way to remain profitable and obtain a great Risk Reward ratio.
Another nice benefit to supply and demand trading is that it offers a possibility of a break from the trading screen. Since price levels are predetermined, this means traders can set them and wait. This is great for traders who do not want to sit and monitor every single move on the screen. 
Supply and demand prices also move quite logically. When traders buy and sell within supply and demand zones, there are clear motivations and machinations at play. This means that the price tends to move more logically. This is always applied to supply and demand because those are the most fundamental, sound principles in economics.

The Problem With Trading Support And Resistance Levels
We touched upon it earlier, but trading support and resistance levels are riskier than trading supply and demand levels.
As much as the price tests the same level, the chances for breakout increase.
Judging from my experiences trading on Bitget, support and resistance levels are not the ideal levels to trade but definitely levels to act on while we are in a trade. They are good levels to roll stop loss or to close a position or part of a position

[XTRAVAGANZA]

Nicely expressed. Drawing from my personal trading journey encompassing various strategies, I've discovered that adhering to trading support and resistance levels proves more lucrative than other approaches, prompting me to stick with it. My emphasis lies in prioritizing liquidity, and I particularly gravitate towards newly established support and resistance levels where price action hasn't been mitigated. This deliberate choice has significantly elevated my success rates. Additionally, the exchange you highlighted earlier provides the advantage of low trading fees, a factor that significantly contributes to bolstering overall net profit.

[Imam]

The thing I follow while trading derivatives on Bitget, trade fresh S&D zones for new entries and higher potential. Use battle-tested S&R for managing trades: adjust stops, close positions, or adapt trade size based on their strength. S&R breakouts are riskier, so I always confirm my trades with other indicators as well.

[MongiIG]

On 28/01/2024 at 11:27, Bash4j said:

Support and resistance are significant levels in the price and a direct offshoot of supply and demand levels. In fact, all support and resistance lines were originally supplies or demand zones in which the price was already tested a few times. That is how support and resistance are created – they are essentially the confirmed supply and demand levels

Thanks for sharing @Bash4j

[gandalf03]

16 hours ago, Imam said:

The thing I follow while trading derivatives on Bitget, trade fresh S&D zones for new entries and higher potential. Use battle-tested S&R for managing trades: adjust stops, close positions, or adapt trade size based on their strength. S&R breakouts are riskier, so I always confirm my trades with other indicators as well.

Good choice bruh at least one could stir clear off from losses, I mean minimizing losses as do I on my every trades. 

[Imam]

On 30/01/2024 at 16:06, gandalf03 said:

Good choice bruh at least one could stir clear off from losses, I mean minimizing losses as do I on my every trades. 

Yup risk tolerance & management both are supper important, tho Bitget warns about these everytime on their derivatives. But we have to do thorough research on our own first!