What Are Support and Resistance?
Support and resistance are key price levels where buying or selling pressure tends to emerge. Support acts as a floor — a price level where buyers step in. Resistance is a ceiling — where sellers take control.
How to Identify Them
Look for areas where price has reversed multiple times. The more touches, the stronger the level.
Trading S/R Levels
Wait for price to approach the level, look for confirmation (rejection candle, volume spike), then enter with a tight stop loss below/above the level.