What is Support & Resistance?
Support and resistance are key price levels where the market often reacts. These levels help traders identify where price may bounce or reverse.
🟢 Support
Support is a price level where buyers step in and push price upward.
✔ Price tends to bounce upward from support
✔ Seen as a “floor” in the market
If support breaks, price may drop quickly.
🔴 Resistance
Resistance is a price level where sellers step in and push price downward.
✔ Price tends to reject downward from resistance
✔ Seen as a “ceiling” in the market
If resistance breaks, price may pump upward.
How Traders Use It
- Buy near support
- Sell near resistance
- Wait for confirmation before entering
Never trade support/resistance blindly — wait for reaction.