🔴 SUPPORT AND RESISTANCE TRADING DAY 2 SERIES "SECOND TRADE EXPLAIN WITH LOGIC" #short #shortvideo

1. Support Definition: Support is a price level where an asset tends to find "support" as it’s falling. It’s a level where demand is strong enough to prevent the price from dropping further. In other words, buyers come in at this level, causing the price to either bounce back up or stall. Characteristics: Price tends to bounce off this level. A "buy" signal can be considered when the price approaches support and shows signs of reversing upward. When price breaks through support, it may indicate a shift in market sentiment, and support may turn into resistance. 2. Resistance Definition: Resistance is a price level where an asset tends to find "resistance" as it’s rising. It’s the price at which selling pressure is strong enough to stop or reverse the price movement. Sellers usually dominate at this level, pushing prices down. #Trading #DayTrading #PriceAction #TechnicalAnalysis #MarketAnalysis #TraderLife #SupportAndResistance #SRLevels #SupportLevel #ResistanceLevel #TrendLines #ChartPatterns #Quotex #QuotexTrading #BinaryOptions #BinaryTrading #DigitalOptions #QuotexStrategy #QuotexSignals