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