t.me
SUPPORT & RESISTANCE 📊💹
✅Support and Resistance are both important concepts to understand when trading. 📊SUPPORT is the price at which a stock has been increasing at a steady rate for some time. It's like a strong foundation that provides #buying interest, causing the price to bounce back up, while The price level that stocks have been unable to break through in order to achieve momentum is known as RESISTANCE💹. It acts as a barrier that generates selling interest, leading to a pullback in price. #FOREXTRADING
