Price Location
Support
A price level where buying pressure prevents further decline
Support is a price level where demand is strong enough to prevent price from declining further. It acts as a "floor" that holds price up. Bullish patterns at support have higher probability.
✓How to Recognize
- •Price has bounced from this level before
- •Buyers step in consistently at this price
- •Higher lows forming near the level
- •Increased buying volume at the level
⚡How to Avoid
- →Don't short at strong support
- →Look for bullish patterns at support
- →Wait for support break confirmation before shorting
- →Support becomes resistance when broken