🚨 Bitcoin: Support and Resistance… What’s the difference between them?
?#
$BTC 📊
Many beginners hear “support” and “resistance”, but what do they actually mean?
🟢 Support: a zone where the price can find buyers and bounce back from.
🔴 Resistance: a zone where the price can find sellers, making it hard for it to keep rising.
👀 Understanding these two levels is one of the basics before you start reading the chart.
Do you want me to explain in the next post how to identify support and resistance on the chart? 👇
Bitcoin #BTC #Trading#BTC
?#
$BTC 📊
Many beginners hear “support” and “resistance”, but what do they actually mean?
🟢 Support: a zone where the price can find buyers and bounce back from.
🔴 Resistance: a zone where the price can find sellers, making it hard for it to keep rising.
👀 Understanding these two levels is one of the basics before you start reading the chart.
Do you want me to explain in the next post how to identify support and resistance on the chart? 👇
Bitcoin #BTC #Trading#BTC
