📚 Crypto Education: Understanding Support & Resistance
One of the most important concepts in trading is Support and Resistance (S/R).
🔹 Support = A price level where demand is strong enough to stop the price from falling further.
Think of it as the “floor” where buyers step in.
🔹 Resistance = A price level where selling pressure is strong enough to stop the price from rising.
Think of it as the “ceiling” where sellers take profit.
💡 Tip: The more times a support or resistance level is tested without breaking, the stronger it becomes.
✅ Smart traders use S/R to:
Identify entry & exit points
Place stop-loss orders
Avoid chasing the market