Kamal Sadati
@kamal1987
Support in technical analysis refers to a price level where demand is strong enough to prevent the price from falling further. This level represents where buyers enter the market and create buying pressure to prevent the price from falling. Resistance refers to a range where the supply of an asset is high enough to prevent the upward trend from continuing and cause a trend reversal. At this level, sellers become more active and increase selling pressure to prevent further price growth.
1 reply
1 recast
3 reactions
Arooj Fatima
@aroojfatima
Good
0 reply
0 recast
0 reaction