!!!! NOTE: If you have a cryptocurrency trading account, please turn on the candlesticks in your account chart to understand these meanings more clearly If price breaks out of these areas, cultural support may turn into resistance, and resistance may turn into support
In the above chart, once the price breaks the support level (1), it becomes the resistance level (2), and once the price breaks the resistance level (3), it becomes the support level (4)From a bull market perspective, when the market hits a previous low, it is more important than when the market hits a previous high. In a bear market, it is more important for the market to trade to the previous high than to trade to the previous low
In other words, the more times a support or resistance area is "hit," the more important it is, and support and resistance areas are very important for consistent setups