#📊 Support & Resistance — Simple Explanation
🟢 Support = A price level where buyers often enter and stop the price from falling further.
🔴 Resistance = A price level where sellers often enter and make it harder for price to rise further.
Example with $BTC:
📉 $BTC falls → Support $100K → buyers step in
📈 $BTC rises → Resistance $105K → sellers step in
🔥 Simple rule:
Support = Floor 🟢
Resistance = Ceiling 🔴
🟢 Support = A price level where buyers often enter and stop the price from falling further.
🔴 Resistance = A price level where sellers often enter and make it harder for price to rise further.
Example with $BTC:
📉 $BTC falls → Support $100K → buyers step in
📈 $BTC rises → Resistance $105K → sellers step in
🔥 Simple rule:
Support = Floor 🟢
Resistance = Ceiling 🔴