Alexander Sax (tradersx)

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📈💡 New Trader Tip: Understanding Support & Resistance! 💡📉 🔍 Ever wonder why prices bounce or stall at certain levels? That's where Support & Resistance come in! Here's what you need to know:

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1️⃣ Support: Think of it as a floor. It's a price level where a stock tends to stop falling because demand is strong enough to counteract selling pressure.

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2️⃣ Resistance: Picture it as a ceiling. It's a price level where a stock tends to stop rising because supply (selling pressure) becomes significant enough to halt further upward movement. #TradingTips #SupportAndResistance #StockMarket101 #LearnTo

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