Support is a price level where an asset often stops falling and starts bouncing up.
It acts like a floor because buyers become active there.
Resistance is a price level where an asset often stops rising and starts moving down.
It acts like a ceiling because sellers become active there.
Simple example:
If Bitcoin keeps falling near $60,000 and then bounces, that level is called support.
If Bitcoin keeps rising near $65,000 and then gets rejected, that level is called resistance.
So in short:
Support = floor
Resistance = ceiling
Traders use these levels to find better entries, exits, and stop losses.
Follow Trading Booms for simple crypto education. 🔥
$BNB $ASTER
#Crypto #Bitcoin #Trading #BinanceSquare #Support #Resistance

