# **What is Support and Resistance?**
**Support and Resistance** are key price levels where buying or selling pressure is strong, influencing price movement.
## **1️⃣ Understanding Support & Resistance**
✅ **Support:** A price level where demand is strong, preventing further decline.
✅ **Resistance:** A price level where supply is strong, preventing further rise.
## **2️⃣ How to Use Them in Trading**
✅ **Breakout Trading:** Price breaking resistance → **Buy**, breaking support → **Sell**.
✅ **Reversal Trading:** Price bouncing off support → **Buy**, rejecting resistance → **Sell**.
✅ **Multiple Tests Strengthen Levels:** The more a level is tested, the stronger it becomes.
### **Conclusion**
Support and Resistance help traders **identify entry-exit points, stop-loss levels, and trend reversals**, making them crucial for market analysis. 🚀
**Support and Resistance** are key price levels where buying or selling pressure is strong, influencing price movement.
## **1️⃣ Understanding Support & Resistance**
✅ **Support:** A price level where demand is strong, preventing further decline.
✅ **Resistance:** A price level where supply is strong, preventing further rise.
## **2️⃣ How to Use Them in Trading**
✅ **Breakout Trading:** Price breaking resistance → **Buy**, breaking support → **Sell**.
✅ **Reversal Trading:** Price bouncing off support → **Buy**, rejecting resistance → **Sell**.
✅ **Multiple Tests Strengthen Levels:** The more a level is tested, the stronger it becomes.
### **Conclusion**
Support and Resistance help traders **identify entry-exit points, stop-loss levels, and trend reversals**, making them crucial for market analysis. 🚀
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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.