#Trump100Days
📚 Quick Information:
What does (Resistance) mean and what does (Support) mean in the field of cryptocurrencies?
🧱 Resistance:
It is the price that the cryptocurrency tries to rise above, but every time it reaches it, it falls back down. It's like a (ceiling) that prevents it from going higher.
🧲 Support:
It is the price that the cryptocurrency falls to and then bounces back from. It's like (ground) that stops the decline and helps it rise again.
💡 What's the benefit of this information?
- You know when to potentially buy or sell.
- It helps you understand when a strong breakout or sudden drop might occur.