What is Support & Resistance? ๐๐
Want to understand the market? Start with Support and Resistance:
โ๐ข Support (The Floor): The price level where buying interest is strong, stopping the price from falling further.
๐ด Resistance (The Ceiling): The price level where selling pressure is high, stopping the price from rising further.
โThink of it as a bouncing ball inside a room. It hits the floor (
$BTC Support) and bounces up, then hits the ceiling (
$ETH Resistance) and comes down.
โ๐ก Master this, and you master 70% of price action trading!
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