# **Support and Resistance (Part 1)**
Support and resistance are **key price levels** where buying or selling pressure is strong, influencing market movements.
## **1️⃣ Understanding Support & Resistance**
✅ **Support:** A price level where demand increases, preventing further decline.
✅ **Resistance:** A price level where selling pressure increases, stopping further rise.
## **2️⃣ Why Are They Important?**
✅ **Trend Reversals:** Price often bounces from these levels.
✅ **Breakouts & Retests:** A break of resistance turns it into support and vice versa.
✅ **High-Probability Trade Entries:** Used for setting stop-loss & profit targets.
### **Conclusion**
Mastering support and resistance helps traders **identify trend changes, entry points, and risk management levels**, making it a crucial trading tool. 🚀
Support and resistance are **key price levels** where buying or selling pressure is strong, influencing market movements.
## **1️⃣ Understanding Support & Resistance**
✅ **Support:** A price level where demand increases, preventing further decline.
✅ **Resistance:** A price level where selling pressure increases, stopping further rise.
## **2️⃣ Why Are They Important?**
✅ **Trend Reversals:** Price often bounces from these levels.
✅ **Breakouts & Retests:** A break of resistance turns it into support and vice versa.
✅ **High-Probability Trade Entries:** Used for setting stop-loss & profit targets.
### **Conclusion**
Mastering support and resistance helps traders **identify trend changes, entry points, and risk management levels**, making it a crucial trading tool. 🚀
Hello Everyone! 👋
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Everyone! 👋
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Feel free to ask any questions. I'm here to help!
Details:
Contact : +91 7678446896
Email: skytradingmod@gmail.com
WhatsApp: wa.me/7678446896
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.