📉 Support & Resistance Explained

Support and Resistance are the building blocks of chart analysis — they tell you where price might bounce or break. 🧱

🔹 Support – The Price Floor

1️⃣ A level where price tends to stop falling and bounce back up.

2️⃣ Indicates strong buyer interest at that price.

3️⃣ Traders look to buy near support for safer entries.

🔺 Resistance – The Price Ceiling

4️⃣ A level where price tends to stop rising and drop down.

5️⃣ Signals seller dominance at that zone.

6️⃣ Traders often sell or short near resistance for profits.

🧠 Smart Tips

7️⃣ Support can become resistance when broken — and vice versa.

8️⃣ The more times price hits the level, the stronger it is.

9️⃣ Use these zones with candlesticks for better accuracy.

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