💡 Crypto Knowledge Corner 💡
📌 What is Support & Resistance in Trading?
One of the most important concepts in crypto trading is Support and Resistance:
🔹 Support → A price level where demand is strong enough to prevent further decline. Traders expect the price to bounce upward here.
🔹 Resistance → A price level where selling pressure prevents the price from rising further. Traders expect rejection or pullback here.
📊 Why It Matters:
Helps identify entry & exit points.
Shows where the market has strong buying/selling interest.
Useful for setting stop loss & take profit levels.
✅ Pro Tip: The more times a support/resistance level is tested, the stronger it becomes.
🚀 Learning these basics can turn beginners into smarter traders!
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