🧠 Crypto Knowledge Byte of the Day
Two very important terms in Technical Analysis are:
🔻 Support:
A price level where a falling asset tends to stop falling.
Buyers step in → price bounces back up.
Like a "floor" that supports the price.
🔺 Resistance:
A price level where a rising asset struggles to move higher.
Sellers step in → price falls back down.
Like a "ceiling" that resists the price.
📊 Why are they important?
Help traders decide entry & exit points.
Can show when a breakout or breakdown may happen.
📌 Simple rule:
> Support holds the price up, Resistance holds it down.
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❓Do you use support & resistance levels in your trading?
Drop your thoughts below!👇
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