Support occurs when the price stops falling, changes direction, and starts rising. Support is often considered the “floor” that supports or maintains the price.
A resistance is a price level at which price stops rising, changes direction, and begins to fall. A resistance line is also often seen as a “ceiling” that prevents prices from rising.
When price breaks through support or resistance, it often continues to the next level of support or resistance. Support and resistance levels Not always accurate. These are usually zones that cover a narrow price range, so levels can be breached or breached without necessarily being breached. As a result, support/resistance levels help identify points where the price may change direction.
Major Resistance and Minor Resistance/Support
A small resistance or support temporarily delays a price rise or fall within a larger market trend, while a large resistance or support halts the price rise or fall entirely and changes the direction of the larger market trend. increase.minor price resistance/support is an artificial horizontal line representing an area, which used to act as a price support or resistance line, but has now changed to a different value. For example, if the price was previously at the support level, it is now at the resistance level.
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