Support and Resistance

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Trend lines can also be used to plot support and resistance. However, other tools are also used for this purpose. 

Support and resistance are price levels at which are filled with a large amount of order blocks resulting in a strong reaction when price reaches these levels.

Support and resistance can exist horizontally or diagonally, or even at key psychological levels such as rounded numbers or repeating numbers such as $10,000 or $6,666.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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