In the Crypto Assets market, many investors often feel confused about when to enter or exit. As an investor with 8 years of trading experience, I find that understanding support levels and resistance levels is key to avoiding significant losses.

Support levels and resistance levels actually reflect the psychological state of the market. Imagine that the price of a certain Crypto Asset drops from 5 yuan to a low point, then rises to 10 yuan. When the price reaches 10 yuan, buyers decrease, and the price begins to fall back. If it drops again to 5 yuan, investors who previously missed the opportunity may rush in, making 5 yuan a support level. Similarly, 10 yuan becomes a resistance level, encountering resistance every time the price approaches it.

This phenomenon stems from the herd mentality of the market. However, in actual trading, we need to consider more factors to determine key price levels, such as the concentration of chips, moving average positions, changes in trading volume, and other technical indicators like trend lines. By mastering this knowledge, you can position yourself in advance during market uncertainty and achieve a strategy of buying low and selling high.

Remember, successful trading requires not only technical analysis but also the right mindset. Stay calm and rational, and don't let short-term fluctuations affect your judgment. In the Crypto Assets market, opportunities and risks coexist, and only through continuous learning and practice can one achieve success in this challenging field.

Finally, a reminder to everyone: investment requires caution, and do not invest more than you can afford to lose. In the Crypto Assets market, only with adequate preparation and risk management can one increase the chances of profit.