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Mastering Support & Resistance: A Beginner’s Guide
Support and resistance (S&R) are the backbone of trading—they help you spot where price could reverse or break out. Here’s how to use them like a pro:
1️⃣ What is Support?
Support = A price level where buying interest is strong enough to prevent further decline.
Think of it as a "floor" where demand steps in.
Example: If a stock keeps bouncing near $100, that’s a support zone.
2️⃣ What is Resistance?
Resistance = A price level where selling pressure stops rallies.
Acts like a "ceiling" where supply kicks in.
Example: If a stock keeps failing at $150, that’s resistance.
3️⃣ How to Draw S&R Like a Boss
Look for multiple touches – The more times price reacts at a level, the stronger it is.
Use swing highs & lows – Focus on clear peaks & valleys, not tiny wicks.
Make it a ZONE, not a line – Price doesn’t respect exact numbers, so give it some wiggle room.
Now go mark up those charts & start spotting key levels! #SupportAndResistance #TradingBasics
Support and resistance (S&R) are the backbone of trading—they help you spot where price could reverse or break out. Here’s how to use them like a pro:
1️⃣ What is Support?
Support = A price level where buying interest is strong enough to prevent further decline.
Think of it as a "floor" where demand steps in.
Example: If a stock keeps bouncing near $100, that’s a support zone.
2️⃣ What is Resistance?
Resistance = A price level where selling pressure stops rallies.
Acts like a "ceiling" where supply kicks in.
Example: If a stock keeps failing at $150, that’s resistance.
3️⃣ How to Draw S&R Like a Boss
Look for multiple touches – The more times price reacts at a level, the stronger it is.
Use swing highs & lows – Focus on clear peaks & valleys, not tiny wicks.
Make it a ZONE, not a line – Price doesn’t respect exact numbers, so give it some wiggle room.
Now go mark up those charts & start spotting key levels! #SupportAndResistance #TradingBasics
Mastering Support & Resistance: A Beginner’s Guide 🚀📉📈
Support and resistance (S&R) are the backbone of trading—they help you spot where price could reverse or break out. Here’s how to use them like a pro:
1️⃣ What is Support?
Support = A price level where buying interest is strong enough to prevent further decline.
Think of it as a "floor" where demand steps in. 🛑👇
Example: If a stock keeps bouncing near $100, that’s a support zone.
2️⃣ What is Resistance?
Resistance = A price level where selling pressure stops rallies.
Acts like a "ceiling" where supply kicks in. 🛑👆
Example: If a stock keeps failing at $150, that’s resistance.
3️⃣ How to Draw S&R Like a Boss
✅ Look for multiple touches – The more times price reacts at a level, the stronger it is.
✅ Use swing highs & lows – Focus on clear peaks & valleys, not tiny wicks.
✅ Make it a ZONE, not a line – Price doesn’t respect exact numbers, so give it some wiggle room. 🎯
Now go mark up those charts & start spotting key levels! 🖍️📊 #SupportAndResistance #TradingBasics
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