Support, resistance, and trend lines are fundamental concepts in technical analysis used to identify key price levels and the direction of the market. They help traders make decisions about when to enter or exit trades based on historical price patterns and potential future movements.
Support
Support is a price level where an asset tends to stop falling and reverse upward. It represents a point at which demand is strong enough to prevent the price from declining further. Traders often see support as a “floor” that the price struggles to break below.

Why It Matters: Support levels indicate where buying pressure may outweigh selling pressure, ...