This content is for beginners to understand the upcoming sessions.
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.
This content is for beginners to understand the upcoming sessions.
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.
