📚 Support & Resistance — A Simple Explanation
Two of the most useful concepts when learning technical analysis are support and resistance.
🟢 Support:
A price area where buyers have previously shown interest and selling pressure may weaken.
🔴 Resistance:
A price area where sellers have previously appeared and upward movement may slow.
These levels are not guaranteed reversal points.
They are simply areas where I want to pay closer attention to price action.
The key is not just identifying a level — it’s watching how price reacts around it. 📊
#Bitcoin #BTC #TechnicalAnalysis #CryptoEducation💡🚀 #tradingbasics
Two of the most useful concepts when learning technical analysis are support and resistance.
🟢 Support:
A price area where buyers have previously shown interest and selling pressure may weaken.
🔴 Resistance:
A price area where sellers have previously appeared and upward movement may slow.
These levels are not guaranteed reversal points.
They are simply areas where I want to pay closer attention to price action.
The key is not just identifying a level — it’s watching how price reacts around it. 📊
#Bitcoin #BTC #TechnicalAnalysis #CryptoEducation💡🚀 #tradingbasics
