📚 CRYPTO LEARNING #39
📈 WHAT IS SUPPORT & RESISTANCE?
Support and Resistance are key price zones where the market has historically reacted multiple times.
🟢 SUPPORT → A zone where buying pressure may appear and price can bounce.
🔴 RESISTANCE → A zone where selling pressure may appear and price can reject.
🔍 HOW TO IDENTIFY THEM?
📊 Look for previous reversals
🔄 Multiple touches strengthen a zone
⏱️ Higher-timeframe levels can be more significant
📈 Combine with volume, trendlines and price action
🚀 BREAKOUT:
If price breaks above resistance, that area can potentially become new support.
🔻 BREAKDOWN:
If price breaks below support, that area can potentially become new resistance.
💡 KEY TAKEAWAY:
Support and resistance are zones, not exact numbers. Use them together with confirmation and proper risk management.
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September 2, 2026 210
