- Support and resistance levels are crucial in range-bound markets.
- Support prevents prices from falling further, resistance stops prices from rising.
- Traders use technical indicators and chart patterns to identify these levels.
- Prices can break through support and resistance levels.
- Traders make decisions based on these levels alongside other factors like fundamentals and risk management.
- Support prevents prices from falling further, resistance stops prices from rising.
- Traders use technical indicators and chart patterns to identify these levels.
- Prices can break through support and resistance levels.
- Traders make decisions based on these levels alongside other factors like fundamentals and risk management.