Understanding Support & Resistance – The Basics Every Trader Needs
Support and resistance aren’t fancy indicators — they’re simply areas on your chart that tell you where the price usually stops falling (support) or stops rising (resistance).
Think of support as the floor that price bounces up from, and resistance as the ceiling that price struggles to break through.
Simple way to spot them:
👉Support: Look for a zone where the price has bounced back up multiple times in the past.
👉Resistance: Look for a zone where the price has been rejected and pulled back more than once.
To draw them, connect at least three past price points in a straight line.
The yellow line often marks support.
The orange line often marks resistance.
Learning to identify these zones can help you make smarter entries and exits instead of guessing.