support resistance

Support and resistance are fundamental concepts in technical analysis. Crucial for identifying key price levels where market trends may reverse or consolidate. Support levels indicate where buying pressure is strong enough to prevent prices from falling further. Often leading to a price bounce. Conversely, resistance levels are where selling pressure overcomes buying interest, preventing prices from rising further and often causing a price decline. Traders use support and resistance to make informed decisions on entry and exit points, set stop-loss orders, and develop trading strategies. By understanding these levels. Traders can better predict price movements, manage risk, and optimize profitability. Integrating support and resistance analysis into trading practices enhances the ability to navigate market fluctuations and capitalize on opportunities. These levels are essential tools for both novice and experienced traders aiming to improve their market performance and achieve consistent results.