🎯 Support and Resistance: The foundation of chart reading!

Support is an area where buyers may appear and slow a decline.

Resistance is an area where sellers may appear and slow a rise.

But here’s an important secret:

Support and resistance are zones, not magic numbers.

How should you work with them?

Identify the zones where price has repeatedly been rejected.

Watch trading volume when price reaches them.

Wait for the candle to close for confirmation.

Watch for the zone to be retested after a breakout.

Remember: Not every breakout is real, and not every breakdown means the decline will continue.

#Support #Resistance #PriceAction