Support and Resistance Levels

Support and resistance levels are the key to understanding where to buy or sell. Orders are located in clusters around rounded numbers, or trend lines. When price action occurs around these clusters, large moves result, such as breakouts or rejections. This lesson will explain how to draw support and resistance lines, what a support and resistance flip is, and the different types of support and resistance that exist.

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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