✍️ What is resistance?

And what is support?

- Imagine that the price of the currency is like an elevator moving up and down.

- Every time the elevator goes up to a certain floor (high price), it finds the door closed and goes back down; this is resistance... meaning that the price tried to go higher but faced resistance and went back down.

- Every time the elevator goes down to a certain floor (low price), it finds the ground strong and stops it from going down, and it starts going up again; this is support.

- If you want to buy, buy at support, which is the low price.

- If you want to sell, sell at resistance, which is the high price.

- If the price breaks support, we will see a strong drop in price.

- If the price breaks resistance, we will see a strong rise in price.