📊 What is Support & Resistance?
Support refers to a level where buyers may come in when the price falls, and the price may rise again.
Resistance refers to a level where sellers may become more active when the price rises, and the price may fall again.
However, Support and Resistance should not be considered 100% guaranteed price levels; they should be studied together with the market context.
When you look at a chart, have you ever tried to find Support & Resistance? 👇
#SupportResistance #TechnicalAnalysis #Trading #Crypto #Binance $BTC $BNB $DOGE
Support refers to a level where buyers may come in when the price falls, and the price may rise again.
Resistance refers to a level where sellers may become more active when the price rises, and the price may fall again.
However, Support and Resistance should not be considered 100% guaranteed price levels; they should be studied together with the market context.
When you look at a chart, have you ever tried to find Support & Resistance? 👇
#SupportResistance #TechnicalAnalysis #Trading #Crypto #Binance $BTC $BNB $DOGE
