Support and Resistance – The Basics Every Trader Should Know! ✅
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If you’re serious about trading, understanding Support and Resistance is non-negotiable. It’s one of the simplest yet most powerful tools in technical analysis.
📈Support:
A level where the price tends to stop falling and often bounces back up. It shows buyers are stepping in.
Think of it as the floor — price hits it, and usually bounces.
📉Resistance:
A level where the price tends to stop rising and often drops down. It shows sellers are stepping in.
Think of it as the ceiling — price hits it, and usually falls.
How to Use Them:
🔸 Buy near support, sell near resistance.
🔸 Breakout above resistance? That level may become new support.
🔸 Breakdown below support? That level may become new resistance.
Common Mistakes to Avoid:
🔸 Don’t treat S&R as exact price points — they’re zones, not precise lines.
🔸 One touch doesn’t make a level strong — the more times it’s tested, the stronger it gets.
🔸 Fakeouts happen! Always wait for confirmation (like a candle close above/below the level).
📣Pro Tip:
Mark your S&R on higher timeframes (like 4H or 1D) for stronger signals.
Then drop down to lower timeframes (like 15min or 1H) to plan your entries.
Want me to post a real chart and show how I find strong S&R zones step-by-step? Comment 'Yes' and I’ll drop it next!
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