Q » Define support and resistance levels.
06 Dec, 2025
A » Support and resistance levels are fundamental concepts in technical analysis used to predict price movements in financial markets. A support level is where a downtrend can be expected to pause due to a concentration of demand, while a resistance level is where an uptrend may halt due to a concentration of supply. Identifying these levels helps traders make informed decisions on entry and exit points.
06 Dec, 2025
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