Enjoyable SNR Technique

Support and resistance are foundational concepts in technical analysis used by traders to make decisions about buying and selling assets, such as stocks, currencies, or commodities. Let's break down these concepts and discuss how they work.
Support: Support refers to a price level where a declining asset finds difficulty falling below, as it seems to be supported by buyers who see value at that price. When the price approaches this level, there tends to be increased buying pressure, preventing it from falling further. If the price does break below support, it may indicate a significant shift in sentiment, potentially leading to further declines.
Resistance: Resistance is the opposite of support. It's a price level where an asset tends to encounter selling pressure, preventing it from rising further. When the price approaches this level, sellers typically become more active, causing the price to stall or reverse. If the price manages to break above resistance, it suggests that buying pressure has overcome selling pressure, potentially leading to further gains.
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