🩸 $VOXEL 𝗦𝗨𝗣𝗣𝗢𝗥𝗧 𝗔𝗡𝗗 𝗥𝗘𝗦𝗜𝗦𝗧𝗔𝗡𝗖𝗘
Support is the price level where a coin tends to stop falling because buyers step in, creating a "floor." When price approaches support, it often bounces up. Think of it as a cushion preventing further drop—unless it’s broken, which could trigger a sell-off.
Resistance is the opposite: a level where price struggles to go higher because sellers begin taking profit. It acts like a ceiling. When price hits resistance, it often pulls back unless buyers break through, potentially leading to a strong rally. The more times price touches these levels and reacts, the stronger the support or resistance becomes.
Traders use them to plan entries and exits—buy near support, sell near resistance.
Tip: Combine support/resistance with volume. A breakout above resistance with high volume?
That’s usually a strong buy signal. A bounce off support with low volume?
Be cautious. Mastering these zones helps you trade with precision, not emotion. This is where smart money enters and exits the market.