📚 Today's Lesson: What do «Support» and «Resistance» mean?
🔹 Support (Support):
It is a price level where buyers may step in, causing the decline to slow down or prompting a rebound.
🔹 Resistance (Resistance):
It is an area where selling pressure may appear, causing the upward move to slow down or the price to pull back.
📌 A simple example with XRP:
If XRP moves between 1.50$ and 1.60$ several times, we can watch 1.50$ as a support zone and 1.60$ as a resistance zone, but these levels are not a guarantee of price movement.
💡 The most important lesson:
Support and resistance are not fixed walls; the price can break through either one. That’s why we need to monitor price action and confirm, rather than relying on just one level.
🤔 Question for followers:
Do you want me to explain in the next lesson how we know that resistance has truly been broken? 📈
⚠️ Educational content only and not a recommendation to buy or sell.
#Crypto #XRP #Trading #Binance #BinanceSquare #تعلم_الكريبتو
🔹 Support (Support):
It is a price level where buyers may step in, causing the decline to slow down or prompting a rebound.
🔹 Resistance (Resistance):
It is an area where selling pressure may appear, causing the upward move to slow down or the price to pull back.
📌 A simple example with XRP:
If XRP moves between 1.50$ and 1.60$ several times, we can watch 1.50$ as a support zone and 1.60$ as a resistance zone, but these levels are not a guarantee of price movement.
💡 The most important lesson:
Support and resistance are not fixed walls; the price can break through either one. That’s why we need to monitor price action and confirm, rather than relying on just one level.
🤔 Question for followers:
Do you want me to explain in the next lesson how we know that resistance has truly been broken? 📈
⚠️ Educational content only and not a recommendation to buy or sell.
#Crypto #XRP #Trading #Binance #BinanceSquare #تعلم_الكريبتو
