Glossary Term

Support

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Support is a level at which an asset’s price has repeatedly failed to break below. It is represented by a line on the trading chart that connects the most recent low points of an asset’s price journey. The longer it takes for a support level to be broken, the stronger it gets in the eyes of traders. The price respects this level/line and has not fallen below it and if it does break through it, this could be an indication that prices can keep trending that way. Once support is broken by an asset, this level becomes resistance.

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What is support? A Traders Expert explanation

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