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How to Identify Resistance and Support Levels in Trading: 90% of Retail Traders Get It Wrong 🔥
Why does the stock price always get stuck at fixed price levels and fail to rise or fall through? Why does it surge after breaking through and plunge after breaking down? This video explains the underlying logic of technical analysis in simple terms.
Resistance level is a ceiling formed by concentrated selling pressure; Support level is a floor formed by concentrated buying pressure.