Support
Support is a price level where buying pressure is strong enough to prevent price from falling further. Think of it as a floor that keeps catching the price when it drops.
Understanding the Concept
You can't just buy randomly and hope for the best. Support levels give you high-probability entry points. When Bitcoin's dumping and hits a level where it's bounced three times before, that's not coincidence—that's support. Buyers remember that level. They set their orders there. Smart traders wait for price to come to them at support rather than chasing. Here's what most people miss: support isn't an exact price. It's a zone. Maybe $40,000-$40,500 for BTC. Price doesn't respect dollar amounts that perfectly.
Real-World Example
You're watching MATIC and notice it's bounced off $0.80 four times in the past two months. That's strong support. Next time it drops to $0.82, you're ready to buy with a tight stop at $0.77. Support gives you a defined risk.
How Strykr Helps
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