This content is for beginners to understand crypto trading

Content #2

What is support and resistance ?

Support and Resistance are like the floor and ceiling for a cryptocurrency's price.

Support = Floor

Imagine the price of Bitcoin is falling.

At some point, it hits a level where it stops falling and bounces back up.

That level is called support—it's like a floor that holds the price up.

It happens because a lot of people want to buy at that price.

Resistance = Ceiling

Now imagine the price is going up.

It reaches a level where it stops rising and starts falling.

That level is called resistance—like a ceiling that the price struggles to break through.

This is where many people want to sell.

Example:

Bitcoin is at $28,000

It falls to $26,000 and keeps bouncing back up from there = Support at $26,000

It rises to $30,000 and keeps falling back down from there = Resistance at $30,000

Traders use support and resistance to guess where prices might stop or reverse. It helps them decide when to buy or sell.#DiversifyYourAssets، #StopLossingStrategies #RiskRewardRetio #tradingphysiology