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How to Trade Support & Resistance Levels?What Are The Advantages And Disadvantages Of Taking A Trade When Price Just Enters A Support/Resistance Level?In the share trading business, the new traders who take steps to stabilize their position must know the two most essential concepts of trading: support and resistance. Beyond the conception of a share market beginner, these two characteristics come with many complications that allow him to plan his entry/exit when a particular stock enters the support or resistance level. These concepts of support and resistance levels are recognized as fundamental trading tips to support seasoned investors to decide on their entry/exit moves. What Is A Support Level?It is also known as support. The support refers to a price level when investors plan their entry into the stock market. What Is A Resistance Level?It is just the opposite of the support level. A resistance level is mainly linked to auctions. How To Read The Support Level On Chart?Share prices that are subject to recurrent oscillations command the attention of investors at all times. How To Read The Resistance Level On A Chart?In disparity, when the price enters the resistance level, the market is aware of traders’ combat with a pressure to sell, when the cost of the stock is balanced to fall further, going by its past performance.
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