What are support levels?

Support levels are like strong floors in a building that keep it from falling down when people jump around.

Imagine you're playing on a trampoline. When you bounce up high, the trampoline stretches out, but if there's a strong floor below it (like a support level), it keeps the trampoline from stretching too far and breaking. That strong floor is like a support level in something else, like money or prices.

Think of a seesaw at the park. If one side goes down, the other goes up, but if there's a strong support under that side (like a friend holding it up), it won’t go all the way down. In the same way, when something drops in value, like a toy you're trading with friends, a support level is like that friend who helps keep it from falling too low.

When you know where the strong floors are (the support levels), you can feel more confident about how far something might fall. It’s like knowing your trampoline has a strong floor, you’ll bounce higher, but you won’t be worried about breaking through!