Support and Resistance Levels in Trading

1.Support Level:

• What is it? It's a level where the price usually stops or is "supported" from falling further.
• How to use? If the price approaches a support level and can't fall below it, it might be a good time to consider buying.

2.Resistance Level:

• What is it? It's a level that the price usually can't surpass or "resists" going higher.
• How to use? When the price approaches a resistance level and can't go above it, it might signal that the price could start decreasing.

So, support and resistance levels act like pillars in the path of the price. Traders use them to understand where the price might change its direction.

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