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How to calculate the support area in trading
The support area is the place where the price stops falling and buyers start entering strongly. Understanding it correctly helps you know where the market might rebound and determine a safe entry point.
First: What does support mean?
Support is a price level where strong demand appears, meaning there are people willing to buy when the price reaches this point. When the price drops and reaches this level, it often stops or rebounds.
First: What does support mean?
Support is a price level where strong demand appears, meaning there are people willing to buy when the price reaches this point. When the price drops and reaches this level, it often stops or rebounds.
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