WHAT ARE THE SUPPORT AND RESISTANCE LEVELS?

Support and resistance levels are key concepts in technical analysis that help traders identify price areas where a trend might pause or reverse.

- **Support Level**: This is a price point where demand strengthens, preventing further decline. It acts as a floor that prices bounce off when downward pressure weakens. In the image, the **blue horizontal line** represents a support zone where price found stability.

- **Resistance Level**: This is a price point where selling pressure increases, preventing further rise. It serves as a ceiling where prices struggle to break through. In the image, the **red horizontal line** marks the resistance zone where price faced rejection.

These levels are crucial for strategic trading, especially when applying candlestick patterns and price action analysis. Since you’re methodically mastering these techniques, refining your understanding of how price interacts with support and resistance will be valuable in sharpening your trades.

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