Support level refers to a price level that an asset does not go below over a period of time. In contrast, resistance level represents a price level that an asset encounters difficulties on its ascending trend. Both of these terms are mostly used in technical analysis
Support and Resistance
Support and Resistance
Support and Resistance
Support level refers to a price level that an asset does not go below over a period of time. In contrast, resistance level represents a price level that an asset encounters difficulties on its ascending trend. Both of these terms are mostly used in technical analysis