Support is like that floor that won't let the price drop too low, and resistance is like the ceiling that stops it from going too high.
Think of support as a safety net for your trades. When the price hits that level, it's like a bouncy castle ? it tends to bounce right back up. So, if you're going long, look for strong support to place your buy orders.
Now, resistance is like a barrier that tries to keep the price from going any higher. When the price hits resistance, it's like hitting a wall. If you're going short, you wanna keep an eye on resistance levels to set your sell orders.
But remember, these levels aren't set in stone. They can break, just like rules at a party. So, you gotta be flexible and use other indicators and analysis to confirm your trades.
