📈 The concept of support and resistance
Support and resistance are fundamental concepts in technical analysis 📊.
The support area is the price at which a decline often stops due to increased demand 💪,
while resistance is the price at which an increase stops due to increased supply 🧱.
Breaking support means a likelihood of continued decline, and breaking resistance means a likelihood of continued increase 🚀.
Understand these levels well as they are the keys to the right timing for entry and exit.
#supportandresistance #TechnicalAnalysis #Write2Earn
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