Worth knowing: what support and resistance actually means.
These are the prices where a market has repeatedly stopped moving.
Support is a level buyers have defended before, resistance one sellers have. They matter because other traders remember them and place orders around them, which is what makes them real.
A level is a zone, not a line. Expect it to be tested and sometimes pierced before it holds or fails.
Right now: BTC at 76,724 (-0.71%), 16 of 60 liquid pairs green, LSK leading at +54.3%.
#Write2Earn #RiskManagement #TradingBasics #CryptoEducation
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
These are the prices where a market has repeatedly stopped moving.
Support is a level buyers have defended before, resistance one sellers have. They matter because other traders remember them and place orders around them, which is what makes them real.
A level is a zone, not a line. Expect it to be tested and sometimes pierced before it holds or fails.
Right now: BTC at 76,724 (-0.71%), 16 of 60 liquid pairs green, LSK leading at +54.3%.
#Write2Earn #RiskManagement #TradingBasics #CryptoEducation
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
