If there's one thing to remember in trading, it's this.
📉 Support = Level where the price struggles to drop below. Buyers step in. Like a "floor."
📈 Resistance = Level where the price struggles to rise above. Sellers show up. Like a "ceiling."
🔑 How to draw them (simple rule):
1. Go to the 4h or daily timeframe
2. Look for prices that have touched the same level at least 2 times
3. Draw a horizontal line
🎯 Beginner's strategy:
· Buy near support
· Short near resistance
· Set your stop loss just below support / above resistance