1. If BTC hits $30K and repeatedly fails to break through, what does $30K represent?
🔑: Firm resistance.

2. If Bitcoin drops to $25K multiple times and bounces each time, what does $25K represent?
🔑: Strong support.

3. When old resistance is broken and turns into new support, what psychological event drives this change?
🔑: Traders who sold too early rush to buy back in, locking in the level as the new floor.

4. What is the essential action advised for using your stop-loss effectively with S/R zones?
🔑: Always keep your stop-loss just outside these zones.

5. What is the primary function of a Resistance level?
🔑: A zone where sellers overpower buyers, halting the rally (the ceiling).

6. What psychological factor drives the formation of support and resistance levels?
🔑: Traders' collective memory of where they previously bought, sold, or felt financial pain.

7. The constant bouncing off key price levels is described as being a visible record of what?
🔑: Mass psychological turning points.

8. When a price breaks through a key level, what happens to the trader's psychological dynamic?
🔑: The psychological dynamic shifts dramatically.

9. What is the crucial event that occurs when price finally breaks a resistance wall?
🔑: The broken level often flips roles (e.g., old resistance becomes new support).

10. What is the primary function of a Support level?
🔑: A level where buyers step in to stop the price from falling (the floor).

11. The video advises waiting for what before blindly jumping into a trade?
🔑: Confirmation (a retest, a bounce, a sharp rejection).

12. The overall chart pattern is described as a pattern built on what two specific elements?
🔑: Emotion and memory.