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What are support and resistance levels technically?

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@godswillfx - 2 months ago - Forex Education

Support and resistance levels are key concepts in technical analysis for stocks, forex, crypto, etc.

- Support: A price level where a falling asset tends to stop declining and bounce, because buyers step in strongly.

- Resistance: A price level where a rising asset tends to stall or reverse, because sellers become dominant.

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@godswillfx - 2 months ago

They’re identified from previous swing highs/lows, trendlines, or round numbers. Prices often respect these zones until they’re broken with volume, after which roles can flip (support becomes resistance and vice versa).

Simple, but powerful for spotting potential entry/exit points. Always combine with other tools,nothing is guaranteed.

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@yokoyi - 2 months ago

Support (S) is any price level where price seems to bounce off with significant momentum. Resistance (R) is the opposite

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@koms55 - 2 months ago

You are right, Godswill about the definition of 'Support and Resistance' but not completely right.

You can't talk about 'Support and Resistance' in Forex Trade without mentioning ' FLOOR, CEILING and STOP as these variables act as oppositions to each other.

While , 'Support' is the price FLOOR where buying interest STOPS the price from falling further.

'Resistance' on the other hand, is the price CEILING where selling pressure STOPS the price from rising .

Traders usually buy at Support and sell at Residence, expecting the price to bounce within this range.

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