Glossary
Chart Reading

Support

Support is a price area where buyers previously stepped in strongly enough to slow, pause, or reverse a decline. It should be treated as a zone, not a magic exact line. Traders study how price reacts there, whether buyers return, and whether the level breaks with strong selling.

Category

Chart Reading

Example

If BTC falls near 60,000 several times and each visit creates a strong bounce, that area may be support. A learner should watch the next visit carefully: a weak bounce may show demand is fading, while a strong break below the zone can turn old support into possible resistance later.