To put it jokingly: $STBL has breached the 0.03 level.
On a candlestick chart, a level is just a number; to people, it’s a psychological line of defense.
On a more serious note, a support level is an area where prices have repeatedly stopped falling, while a resistance level is a price range that prices have repeatedly failed to rise above.
Reading indicators is easy; the hard part is still following the rules when the market gets extreme.