resistance support

Resistance and support are foundational concepts in technical analysis, applicable across various financial markets. Resistance marks a price level where an asset tends to face selling pressure. Hindering further upward movement. On the other hand, support indicates a level where buying interest typically emerges, preventing the asset’s decline. Traders and investors closely monitor these levels as they provide insights into potential trend reversals. Entry and exit points, and risk management strategies. By identifying and understanding resistance and support levels. Traders can make informed decisions, enhancing the probability of successful trades and optimizing their trading strategies for profitability. Utilizing technical indicators and price action analysis can further refine the accuracy of identifying these critical levels, empowering traders to navigate the markets with confidence.