Basic Support & Resistance
📊 Support & Resistance
🟢 Support is an area where price has previously struggled to move lower. Think of it as the floor where buyers may step in.
🔴 Resistance is an area where price has struggled to move higher. Think of it as the ceiling where sellers may step in.
🔄 When resistance breaks, it can become support. When support breaks, it can become resistance.
🎯 Focus on zones, not exact lines, and always wait for confirmation! One of the easiest concepts in trading don't overthink it!